#merger
With shares of 11 per cent in Abu Dhabi’s manufacturing activity output and 60 per cent in the UAE’s steel market, EMSTEEL plays a key role in delivering the UAE’s industrial strategy
By leveraging the combined strengths of Bayanat and Yahsat, SPACE42 aims to pioneer innovative solutions that merge satellite communications, geospatial intelligence, and AI
The proposed transaction would create one of the largest real estate, hospitality, events and catering platforms in the region
The merged company would benefit from cross-selling opportunities via increased geographic footprint and via capitalising on larger underwriting capacity
Dubai-based provider of waste-disposal services Averda is in talks to go public through a merger…
The lender reported third-quarter net income fell 7.7 per cent from a year ago to Dhs492.9m
The merger is expected to complete before the end of this year
As part of the transaction, the existing business of Emaar Malls will be reconstituted in a wholly owned subsidiary of Emaar Properties
Operations under the new name and structure are planned to start on April 1, 2021
The two companies have several underutilised factories around the globe
Last year, Kuwait Finance House offered to buy Ahli United Bank in an all-share deal that was valued at about $8.8bn
The three-way merger with Union National Bank and Al Hilal Bank could form a bank with around $113bn in assets