#acquisition
talabat has completed the acquisition of 100 per cent of instashop’s share capital from Delivery Hero, effective and consolidated in talabat’s financial accounts from February 25
Arena Events group, which operates in over 10 countries including the US, UK, and Saudi Arabia, has been a key player in some of the world’s largest sporting events
Through the acquisition, Virtuzone’s clients will gain access to global markets, including the Far East and Latin America, while leveraging Ascentium’s international network to streamline compliance with global business laws
This landmark deal enhances The Arab Energy Fund’s offerings in energy infrastructure and sustainable water solutions, particularly in the Middle East, Africa, and Asia
Located in Rosemount, Minnesota, Spectro Alloys is a leading producer of secondary foundry alloys with an annual production capacity of approximately 110,000 tonnes of aluminium ingots
The acquisition is seen as a major step in Modon Holding’s drive to further diversify its global portfolio, with a special focus on luxury residential communities in high-demand international markets
Bapco Energies and BlackRock signed another MOU to explore Bahraini infrastructure and decarbonisation projects in the future
Dallah will issue 3.89 million shares to Ayyan as part of the capital increase, valued at SAR660m
Set up in 2004, Plenary has a portfolio of 21 assets under management valued at over $25bn across Australia and the Middle East
KELIX bio, founded in November 2020, has swiftly emerged as a key player in the pharmaceutical industry, offering more products to markets across the Middle East, Africa and Asia
Cisco acquired Splunk for $157 per share in cash, representing approximately $28bn in equity value
GIP is the world’s largest independent infrastructure manager with more than $100bn in AUM and a strong reputation for driving operational improvements in its portfolio companies
SIATT specialises in the integration of systems with advanced technological content for defence and aerospace sectors
Splunk president and CEO Gary Steele will join Cisco’s executive leadership team
Beehive leads the crowdfunding platform space in the UAE, with operations in Saudi Arabia and Oman
The total purchase consideration for the acquisition of 100 per cent ownership amounts to $26.7m with an upfront payment of $17.1m
Standard Chartered’s corporate, commercial and institutional banking, and consumer, private and business banking businesses in Jordan will move to AJIB
The assets and liabilities of the parent companies of SVB UK are excluded from the transaction
The transaction expands Aramco’s lubricants business globally
Founded in 2014, AWJ operates brands such as Operation Falafel, Catch 22 and Awani among others
One Medical operates more than 200 medical offices in 26 markets in the US
The purchase was funded from Almarai’s internal cash flows
Aveva’s software drives efficiency and reduces costs for over 20,000 customers worldwide, offering a digital twin for the whole asset lifecycle from engineering to operations
The firm has signed a share purchase agreement to acquire Target Engineering Construction Company
The acquisition supports the company’s accelerated fleet expansion and growth strategy
Subject to regulatory approvals, the transaction is expected to close in the first half of 2023
Estée Lauder is buying the Tom Ford brand and its intellectual property
The asset manager has been expanding holdings from the US to Asia as it seeks to reach assets of about $100bn
Elon Musk has also said that Twitter’s verification process is ‘being revamped right now’