M&A Brief of the Week

       Finablr

The financial consortium that has bought Finablr, the Abu Dhabi-headquartered payment company, will rebrand it as WizzFinancial and merge it with a newly-purchased Bahraini company, the Bahrain Financing Company (BFC).

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Ataa Educational Company

Ataa Educational Company has penned an appendix to its memorandum of understanding (MoU) with the Arabian Education and Training Group Holding Company that covers a potential acquisition of the latter.

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Remco for Tourism Villages Construction

Remco for Tourism Villages Construction has received an offer from a group of Egyptian investors to acquire Remco for Real Estate Construction's entire stake of 99.98% in Empain Tourism Investments Company.

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Maharah Human Resources Company

Maharah Human Resources Company has completed the acquisition and transfer of 90% of Spectra Support Services Company’s shares.

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Mobile Telecommunications Company

Kuwait's Mobile Telecommunications Company (Zain) will invest in the newly-formed business combination between the Dubai-based ridesharing app Swvl and Nasdaq-listed Queen's Gambit Growth Capital.

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Fawry for Banking Technology and Electronic Payments

The ordinary general meeting of Fawry for Banking Technology and Electronic Payments has approved to purchase the stake of Banque Misr in Fawry Plus for Banking Services.

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Decypha Contribution Time: 05-Aug-2021 13:54 (GMT)
Decypha Last Update Time: 05-Aug-2021 13:54 (GMT)