Western Bakeries Co
Western Bakeries Company, a subsidiary of Almarai Company, has acquired an additional 25% stake, held by Chipita Saudi Arabia (Cyprus), in the Modern Food Industry in exchange for SAR 250 million.
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Aramco Overseas Co
Aramco Overseas Company, the subsidiary of the Saudi Arabian Oil Company (Aramco), has acquired a 7.4% stake in Cognite, a Norway-based company specialised in industrial software innovation.
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Etisalat
Emirates Telecommunications Group (Etisalat) has completed the acquisition of a 100% stake in elGrocer DMCC with a value not exceeding AED 38 million.
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SASCO
The Saudi Automotive Services Company (SASCO) has acquired 80% of NAFT Services Limited Company’s share capital in exchange for SAR 1.1 billion.
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SABIC Agri-Nutrients
SABIC Agri-Nutrients Company has reached a binding agreement to acquire a 49% stake in the share capital of ETG Inputs Holdco in exchange for $320 million (SAR 1.2 billion).
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Alpha Oryx
Alpha Oryx, a company related to investment holding conglomerate ADQ, has transferred a 22.32 per cent stake in Aramex to Abu Dhabi Ports Group.
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Tabreed Oman
Tabreed Oman, a 60.54%-owned subsidiary of National Central Cooling Company (Tabreed), has signed an agreement with Al Mouj Muscat (Al Mouj) to acquire the district cooling plants and related assets in Muscat Oman at a value of AED 65.4 million.
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