M&A Brief of the Week

Abu Dhabi National Energy Company

China Southern Power Grid Co, a Chinese state-owned company, is holding talks to buy about a 10% stake in Abu Dhabi National Energy Company (TAQA).

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Taiba Investments Company

The board members of both Taiba Investments Company and Dur Hospitality Company have agreed to start initial preliminary negotiations to consider merging the two entities.

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DAMAC Properties

DAMAC Properties has approved to appoint an independent committee to review and assess the offer made by Maple Invest Co, owned by Hussain Sajwani, to acquire 100% of the company's issued and paid-up ordinary share capital.

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Mubadala Health

Mubadala Health, a subsidiary of Mubadala Investment Company (Mubadala), has acquired a 60% controlling stake in United Eastern Medical Services (UEMedical) to raise its healthcare services in the UAE and grow its operations in Saudi Arabia for the first time.

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Ataa Educational Company

The Saudi General Authority for Competition (GAC) approved for Ataa Educational Company to acquire Arabian Education and Training Group Co.

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Decypha Contribution Time: 17-Jun-2021 10:11 (GMT)
Decypha Last Update Time: 17-Jun-2021 15:56 (GMT)