ADCB, UNB agree to merge and take over Al Hilal
Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) have agreed to merge and together to acquire Al Hilal Bank.
Mergers and Acquisitions
Eni, OMV acquire 35pc of Adnoc Refining
Italy’s Eni and Austria’s OMV have agreed to pay USD 5.8 billion to take a stake in Adnoc Refining, Abu Dhabi National Oil Company’s refining unit.
Mediclinic acquires minority stake in Bourn Hall fertility center
Mediclinic Middle East, a private hospital group, announces the acquisition of a minority stake in Bourn Hall International MENA.
AW Rostamani buys majority stake in UK auto dealer
Dubai-based conglomerate AW Rostamani has acquired a majority stake in Brayleys Motor Group, whose franchises include Honda, Kia, Mazda and Renault/Dacia.
Barwa Bank, International Bank of Qatar agree to merge
Barwa Bank and International Bank of Qatar have agreed to merge their operations, creating a new entity with total assets of QAR 80 billion.
PE fund acquires controlling stake in Country Hill International
A private equity fund backed by Mizuho Bank and The Norinchukin Bank acquires a controlling stake in Country Hill International, a UAE-based supplier of premium protein products.
KAMCO Investment to acquire 70% of Global Investment House
KAMCO Investment Company signed a Sale and Purchase Agreement with NCH Ventures, a Bahrain domiciled entity representing the interests of more than 50 financial institutions to acquire a 69.53% stake in Global Investment House.
Gulf Capital invests $267 million in Geidea Solutions
Gulf Capital has acquired a strategic stake in Geidea Solutions, a provider of electronic payment solutions and financial technologies in Saudi Arabia, for a total transaction value exceeding $267 million.
Mitsubishi Corporation acquires minority stake in Al Islami Foods
Al Islami Foods, one of the leading frozen food companies in the UAE and GCC markets, announced that Mitsubishi Corporation has acquired a minority stake in the UAE-based halal food manufacturer.