Abu Dhabi National Energy Company
Abu Dhabi National Energy Company (TAQA) and Abu Dhabi National Oil Company (ADNOC) have signed binding agreements to acquire stakes in Abu Dhabi Future Energy Company (Masdar) from Mubadala Investment Company (Mubadala).
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Careem
Careem has acquired the assets of Denarii, a Dubai-based money transfer platform, to use its technology to connect customers and captains with remittance services offered by licensed providers.
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Expedition Investments
Expedition Investments submitted a compulsory purchase offer to acquire a 34% stake in Arabian Food Industries Company (Domty) at a total value of EGP 5 per share.
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Six of October Development and Investment
Six of October Development and Investment (SODIC) has submitted a non-binding offer for the potential acquisition of Madinet Nasr Housing and Development (MNHD) through a mandatory tender offer.
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Al Khaleej Training and Education Company
Al Khaleej Training and Education Company has penned a sale and purchase agreement worth SAR 60 million with Al Faisaliah National Schools Company to acquire a 60% stake in the latter.
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Anghami
Anghami has acquired Spotlight Events, a UAE-based company specialised in live events and concerts, to scale up offline and virtual entertainment activities in the region.
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Tanmiah Food Company
Tyson International Holding Company, a fully-owned unit of New York-listed Tyson Foods, intends to buy equities in Tanmiah Food Company’s subsidiaries for $70 million upon a signed sale and purchase agreement.
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