M&A Brief of the Week

Amana for Cooperative Insurance Company

Amana for Cooperative Insurance Company said that the Saudi General Authority of Competition has issued a non-objection note for the merger with Saudi Enaya for Cooperative Company.

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Tycoon Holding

Tycoon Holding has submitted a request to the Egyptian Financial Regulatory Authority to amend the mandatory tender offer submitted for acquiring up to 4.702 million shares or 90% of Alexandria National Company for Financial Investment.

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Arab Banking Corporation

The Egyptian Financial Regulatory Authority approved the publication of a mandatory tender offer submitted by Bahrain's Arab Banking Corporation (Bank ABC) to acquire Blom Bank Egypt.

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Aldar Properties

The Egyptian Financial Regulatory Authority approved a request by the UAE’s Aldar Properties to extend the deadline for submitting a mandatory tender offer to fully acquire Six of October Development and Investment (SODIC).

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Remco for Tourism Villages Construction

Remco for Tourism Villages Construction approved the fair value study prepared by Alpha Capital Financial Advisory for Financial Securities for the stock of Empain Tourism Investments Company.

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Swvl

Swvl, a Dubai-based transport technology startup, and Nasdaq-listed Queen's Gambit Growth Capital have entered into a definitive agreement for a business combination, which will result in Swvl being listed on Nasdaq.

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Decypha Contribution Time: 29-Jul-2021 12:42 (GMT)
Decypha Last Update Time: 29-Jul-2021 12:42 (GMT)