Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) have agreed to merge and together to acquire Al Hilal Bank.
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 Middle East, a private hospital group, announces the acquisition of a minority stake in Bourn Hall International MENA.
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 and International Bank of Qatar have agreed to merge their operations, creating a new entity with total assets of QAR 80 billion.
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 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 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.
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.