M&A Brief of the Week

Rowad Tourism

Rowad Tourism announced increasing its stake in Lecico Egypt to 3.91% from 2.23%.

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Tibbiyah

Arabian International Healthcare Holding Company (Tibbiyah) has completed the acquisition of a 51% stake in Innovative Care Company - New You Medical Center for up to SAR 213.5 million.

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Emirates Stallions Group

Emirates Stallions Group (ESG) has acquired a 60% stake in Vision Factory and a 45% stake in Decovision, two of the UAE indoor spaces design leading companies.

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valU

MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, valU, has fully acquired Paynas, a full-fledged employee management and benefits company that offers financial services to micro, small, and medium enterprises (MSMEs).

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Elsewedy Cement

Elsewedy Cement has increased its stake in MM Group for Industry and International Trade to 1.64% from 1.33%.

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Maadi Company for Development and Reconstruction

Maadi Company for Development and Reconstruction has reduced its stake in Zahraa Maadi Investment and Development to 36.95% from 45.19%.   

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Decypha Contribution Time: 01-Sep-2022 14:38 (GMT)
Decypha Last Update Time: 01-Sep-2022 14:38 (GMT)