M&A Brief of the Week

Shuaa Capital

Shuaa Capital has acquired a majority stake in the UAE-based fintech company, Souqalmal.

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Saudi Industrial Services Co

Saudi Industrial Services Company (SISCO) has approved to acquire a 31.7% direct equity stake in the UAE-based Green Dome Investments (Green Dome) in exchange for SAR 44.5 million.

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Growth Avenue Investment Company

Growth Avenue Investment Company (GAG), a subsidiary of Maharah Human Resources Company, has signed a non-binding memorandum of understanding (MoU) to acquire a 40% stake in Saudi Medical System Company.

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Saudi Agricultural and Livestock Investment Co

The Saudi Agricultural and Livestock Investment Co., SALIC, a wholly-owned subsidiary of the Public Investment Fund, signed an agreement to acquire 35.43 percent of Olam Agri Holdings for SR 4.65 billion ($1.24 billion).

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Future Tech Retail

Future Tech Retail, a unit of BinDawood Holding, has acquired a 62-percent stake in e-commerce platform operator International Applications Trading Co. for SR108 million ($29 million).

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Tristar Transport

Tristar Transport, a subsidiary of Agility Public Warehousing, has reached a $215 million (KWD 65 million) agreement to acquire China-based HNA Group's 51% stake in HG Storage International Limited.

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Shuaa Capital

Shuaa Capital has acquired Allianz Marine & Logistics Services Holding (Allianz), a UAE-based maritime logistics company owning and renting 117 offshore support vessels (OSV), by its managed funds.

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ADQ

Abu Dhabi-based ADQ has signed an agreement to acquire a majority equity stake in Unifrutti Group, a global producer and distributor of high-quality fresh produce.

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Decypha Contribution Time: 31-Mar-2022 15:20 (GMT)
Decypha Last Update Time: 31-Mar-2022 15:20 (GMT)