Gulf Capital acquires Eclat Health and Hansei Solutions
Gulf Capital announced that it has completed two strategic acquisitions in US healthtech companies for a total transaction value of $60m.
Overseas Investments
SAMA gave PIF $40 billion for stocks buying spree
Saudi Arabia’s central bank gave $40 billion to the kingdom’s Public Investment Fund as it picked up minority stakes in American corporations.
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.
Adnoc, Saudi Aramco sign deal to invest in India’s refinery plant
Adnoc, Saudi Aramco will jointly invest in the $44 billion Ratnagiri refinery and petrochemical complex that is coming up in the Western Indian state of Maharashtra.
Invest AD sells stake in concessionaire of Queen Alia Int’l Airport
Invest AD has divested its 38 percent stake in Airport International Group (AIG), the concessionaire that has developed and operated Jordan’s Queen Alia International Airport, including construction of a new terminal building.
Etihad disappointed with airberlin’s filing for insolvency
Etihad Airways Group has issued a statement expressing disappointment with airberlin’s decision to file for insolvency in a German court.
The inside story of two billionaires’ investment in Four Seasons
Two billionaires, Bill Gates and Prince Alwaleed, bought Four Seasons for $3.8 bln near a market peak, feuded over matters large and small, then made up.
Sh. Mohammed Al Khalifa to head McLaren Group
McLaren Automotive and the McLaren Technology Group are being brought together under one corporate structure to be called the McLaren Group.
Saudi Arabia’s Public Investment Fund, Blackstone sign MoU
Blackstone and the Public Investment Fund announced the execution of a memorandum of understanding in relation to the launch of a new investment vehicle dedicated to infrastructure.