Mubadala to acquire Kelix Bio Image WAM

Mubadala to acquire international biopharma firm KELIX bio

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 completes splunk acqusition

Tech giant Cisco completes landmark acquisition of Splunk

Cisco acquired Splunk for $157 per share in cash, representing approximately $28bn in equity value

BlackRock acquires GIP (Photo by Andrew Burton/Getty Images)

BlackRock to buy infrastructure firm Global Infrastructure Partners for $3bn

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

Edge Group acquires 50 per cent stake in SIATT Image Edge Group

UAE-based Edge Group acquires 50% stake in Brazil’s SIATT

SIATT specialises in the integration of systems with advanced technological content for defence and aerospace sectors

Cisco Splunk

Cisco to buy Splunk in $28bn deal

Splunk president and CEO Gary Steele will join Cisco’s executive leadership team


UAE’s e& enterprise to acquire majority stake in Beehive

Beehive leads the crowdfunding platform space in the UAE, with operations in Saudi Arabia and Oman


AD Ports’ Maqta Gateway acquires border control solutions platform TTEK

The total purchase consideration for the acquisition of 100 per cent ownership amounts to $26.7m with an upfront payment of $17.1m

Arab Jordan Investment Bank & Standard Chartered agreement

Arab Jordan Investment Bank to acquire Standard Chartered’s business in Jordan

Standard Chartered’s corporate, commercial and institutional banking, and consumer, private and business banking businesses in Jordan will move to AJIB

Yolk Brands

Yolk Brands acquires 1762

The eatery joint joins Pickl and BonBird in the group

Silicon Valley Bank UK

HSBC acquires Silicon Valley Bank UK for less than Dhs5

The assets and liabilities of the parent companies of SVB UK are excluded from the transaction

Saudi Aramco

Aramco completes acquisition of Valvoline’s global products business

The transaction expands Aramco’s lubricants business globally


UAE-based Kitopi acquires F&B group AWJ in landmark deal

Founded in 2014, AWJ operates brands such as Operation Falafel, Catch 22 and Awani among others

One Medical

Amazon has completed $3.49bn deal for One Medical

One Medical operates more than 200 medical offices in 26 markets in the US


Saudi’s Almarai completes acquisition of International Dairy and Juice for $68m

The purchase was funded from Almarai’s internal cash flows

Schneider - Aveva

Schneider Electric completes acquisition of Aveva

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


UAE’s Alec Group furthers regional expansion through acquisition

The firm has signed a share purchase agreement to acquire Target Engineering Construction Company


Abu Dhabi’s ADNOC Drilling purchases three offshore jack-up rigs for $320m

The acquisition supports the company’s accelerated fleet expansion and growth strategy

AD Ports Group signs agreements with Kyrgyzstan to promote trade

Abu Dhabi Ports Group acquires Spain’s Noatum in Dhs2.5bn deal

Subject to regulatory approvals, the transaction is expected to close in the first half of 2023

Estée Lauder

Zegna to buy Tom Ford fashion operations in Estée Lauder deal

Estée Lauder is buying the Tom Ford brand and its intellectual property

Investcorp plans major ramp up of India assets to $5bn

The asset manager has been expanding holdings from the US to Asia as it seeks to reach assets of about $100bn

Saudi’s KHC, Prince Alwaleed’s private office are Twitter’s second largest investor after Elon Musk

Elon Musk has also said that Twitter’s verification process is ‘being revamped right now’

UAE's Masdar acquires UK-based Arlington Energy to expand footprint

UAE’s Masdar acquires UK-based Arlington Energy to expand footprint

The acquisition will support Masdar’s offshore wind and renewables investment strategy

e& enterprise

UAE’s e& enterprise completes acquisition of Smartworld

Smartworld is now rebranded to e& enterprise IoT and AI

AD Ports Group

Abu Dhabi’s AD Ports Group completes first international acquisition

The group acquired a 70 per cent equity stake in two Egypt-based maritime companies – Transmar International Shipping Company and Transcargo International


GBM acquires cybersecurity service provider Coordinates Middle East

The firms will help organisations to address challenges faced with legacy managed security services that are historically complex to deploy

Changi Consulting

Publicis Sapient announces acquisition of Changi Consulting

Changi Consulting builds and delivers cloud-based solutions focused on helping businesses accelerate, automate and optimise their operations

Mubadala to acquire Canada Cartage Image Courtesy: Mubadala Twitter

Mubadala Capital enters agreement to acquire Canada Cartage

Canada Cartage currently operates through a network of 33 facilities across Canada and has two business segments, dedicated transportation and logistics

EFG-hermes concludes advisory on AUF Group-Agthia deal

EFG Hermes concludes advisory on Agthia’s majority acquisition of Auf Group

The transaction, upon completion, will see UAE-based Agthia owning 60 per cent of Egypt’s Auf Group

Oracle Cerner

Oracle wins regulatory approvals for $28bn Cerner takeover

The acquisition of Cerner gives Oracle a huge foothold in technology for the healthcare industry


Broadcom to acquire cloud services firm VMware in $61bn deal

The deal is the biggest takeover ever for a chipmaker and extends an acquisition spree for Broadcom chief executive officer Hock Tan