Al Jozoor Al Raskha Trucking Company
Al Jozoor Al Raskha Trucking Company (Rahaal), a subsidiary of United International Transportation Company (Budget Saudi), has signed a memorandum of understanding for a possible stake acquisition of Overseas Development Holding Company’s regional subsidiaries.
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Orascom Financial Holding
The board of Orascom Financial Holding (OFH) has approved the mandatory purchase offer submitted by UAE’s Chimera Investments, or one of its subsidiaries, to acquire OFH’s stake in Beltone Financial Holding for EGP 1.48 per share.
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ADNOC Logistics & Services
ZMI Holdings said that ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of ADNOC Group, has entered into a definitive agreement to take over ZMI.
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Saudi Arabian Oil Co
The Saudi Arabian Oil Company (Saudi Aramco) signed an equity purchase agreement to acquire Valvoline Inc.'s global products business, Valvoline Global Products (VGP), for $2.65 billion.
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SABB Takaful
SABB Takaful has received the Saudi Central Bank’s approval for the merger with rival insurer Walaa Insurance, following a binding agreement between both parties last February.
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Chimera Investments
UAE-based Chimera Investments has acquired a 56% equity in Beltone Financial Holding, a subsidiary of Orascom Financial Holding (OFH).
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