M&A Brief of the Week

Elsewedy Electric Co

Elsewedy Electric Co signed a share purchase agreement for 99.25% of the shares of International Cables Company.

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Raya Contact Center

The board of directors of Raya Contact Center approved the acquisition of 85% of Bahrain's Gulf Customer Experience, amounting to 335,829 shares.

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NCB Capital Company

The Saudi Capital Market Authority has approved the merger of NCB Capital Company and Samba Capital and Investment Management Company.

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AlAhli Takaful Company

AlAhli Takaful Company and Arabian Shield Cooperative Insurance have signed a binding memorandum of understanding for the potential merger between the two entities.

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Middle East Glass Manufacturing Co

The board of directors of Middle East Glass Manufacturing Co approved a decision to sell its entire stake in Medco Plast for Packing and Packaging Systems.

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CI Capital Holding For Financial Investments

The board of directors of CI Capital Holding For Financial Investments approved in principle a non-binding offer submitted by Banque Misr to purchase CI Capital's stake of 98.1% in CI Consumer Finance - Souhoola.

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Arab Banking Corporation

The Egyptian Financial Regulatory Authority said that Bahrain's Arab Banking Corporation (Bank ABC) submitted a draft mandatory tender offering (MTO) to acquire 300 million shares or 100% of the issued capital of Blom Bank Egypt for EGP 22.33 per share.

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Gulf Pharmaceutical Industries

Gulf Pharmaceutical Industries (Julphar) has entered into an agreement to fully acquire Planet Pharmacies.

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Abdullah Al Othaim Markets Company

Abdullah Al Othaim Markets Company is acquiring the Fourth Milling Company for SAR 859 million.

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Basic Chemical Industries Company

Basic Chemical Industries Company intends to acquire 49% ownership of UAE-based Union Chlorine.

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Decypha Contribution Time: 15-Jul-2021 12:13 (GMT)
Decypha Last Update Time: 15-Jul-2021 12:13 (GMT)