M&A Brief of the Week

Aldar Investment Properties

Aldar Investment Properties (AIP), a subsidiary of Aldar Properties, has acquired the Rixos Bab Al Bahr beach property in Ras Al Khaimah in exchange for AED 770 million.

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Arabian Food Industries Company

Arabian Food Industries Company (Domty) has received a non-binding initial offer from Expedition Investments to acquire a stake of up to 90% in Domty

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GMG

GMG, a company specialised in retailing, distributing, and manufacturing international and national brands, has acquired Géant's operations in the UAE to expand its businesses in the food retail category.

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Arabian Internet and Communications Services Company

Arabian Internet and Communications Services Company (solutions) has signed a binding offer worth $158 million to acquire a controlling stake in Egypt's Giza Systems Company.

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B Investments Holding

The board of B Investments Holding has accepted a binding offer submitted by Arabian Internet and Communications Services Company (solutions) to acquire the Egyptian firm’s 44.70% entire stake in Giza Systems Company.

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The Saudi Chemical Company Holding

The Saudi Chemical Company Holding has completed the acquisition of Eli Lilly’s prescription rights of Cialis in Saudi Arabia.

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Decypha Contribution Time: 07-Apr-2022 14:28 (GMT)
Decypha Last Update Time: 07-Apr-2022 14:28 (GMT)