M&A Brief of the Week

Modern Waterproofing

Modern Waterproofing approved the price offered by Sika Egypt For Construction Chemicals to acquire 119 million shares of 100% of the former’s capital.

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First Abu Dhabi Bank

First Abu Dhabi Bank has agreed with Bank Audi to suspend the transaction process regarding its acquisition of the Lebanese bank's fully owned subsidiary in Egypt.

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Alexandria Development Ltd

The mandatory tender offer submitted by Alexandria Development Ltd for the acquisition of Alexandria Portland Cement was executed on the Egyptian Exchange at a value of EGP 23.06 million.

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Al Ramz Corporation Investment and Development

Al Ramz Corporation Investment and Development has purchased 32.817 million shares of Ras Al Khaimah Cement Company.

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Al Khair Global for Buying and Selling

The acquisition procedures of Al Khair Global for Buying and Selling Shares on part of Arkan Al Kuwait Real Estate’s shares were completed.

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Saudi Agricultural and Livestock Investment Company

Saudi Agricultural and Livestock Investment Company has acquired a 29.91% stake in India's Daawat Foods, a rice producer.

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Kuwait Projects Holding

Kuwait Projects Holding has reclassified the company’s investment in OSN to an investment in a subsidiary form a joint-venture classified as held for sale.

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Emerging Markets Property Group

Emerging Markets Property Group and OLX Group have announced the merger of their businesses in the MENA and South Asia regions.

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Al Babtain Power and Telecommunication Company

Al Babtain Power and Telecommunication Company has extended the Memorandum of Understanding previously signed with the Saudi Egyptian Industrial Investment to acquire a stake in Al Babtain Power and Telecommunication- Egypt. 

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Decypha Contribution Time: 04-Jun-2020 09:03 (GMT)
Decypha Last Update Time: 04-Jun-2020 09:03 (GMT)