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The acquisition of Tendam solidifies Multiply Group’s growing portfolio of investments and marks a key milestone in its ongoing global expansion strategy
Neopay, originally established as a strategic division within Mashreq, has expanded rapidly, becoming a key player in the UAE’s digital payments sector
The deal, valued at approximately $1bn, marks a significant partnership aimed at supporting Sotheby’s growth and innovation plans
The completion of this transaction is pending customary regulatory approvals and is anticipated to take place in Q1-Q2 2025
Under the new agreement that also involves other sellers, Ardian and PIF will acquire 22.6 per cent and 15 per cent respectively of FGP Topco, which is the parent company of Heathrow Airport Holdings
The company intends to use the proceeds to expand its business into Saudi Arabia
The agreement builds upon previous collaborations between ADNOC and SOCAR, including ADNOC’s acquisition of a 30 per cent equity stake in the Absheron gas and condensate field
The collaboration will enable the entities to tackle complex, large-scale projects with a keen focus on safety, quality, and timely delivery
This development follows last week’s announcement by IHC that it had entered a definitive agreement to sell its stake in AGEL and ATL
Signing of the definitive investment agreements is expected to occur in the very near term, said MTN chief executive officer Ralph Mupita
As part of the new partnership, Aioka will enhance the team’s offer to guests, as well as to corporate groups and individuals
The company plans to list its shares for trading on the Dubai Financial Market next month
More than three billion shares will be offered in the IPO
Saudi Tabreed currently manages 779,000 tonnes of refrigeration (TR) via contracts with major companies in Saudi Arabia
Monument Bank is focused on the overlooked ‘mass affluent’ segment in the UK
The firm has said it expects the minimum dividend to remain at $231m annually for two years after the IPO
Abraj Energy was created in 2006 and owns about 20 land rigs
A digital fractional real estate investment platform is offering a chance for those with limited budgets to enter the property market
The Public Investment Fund acquired a 16.9 per cent stake in Kingdom Holding Company
DEWA is expected to list on the Dubai Financial Market on or around April 12, 2022
The deal is expected to close in the second half of the year
Total gross demand for the IPO amounted to over $34bn
The South Korean company Hugel mainly produces beauty goods
Financial details of the transaction, which is expected to close by September, weren’t disclosed
Deliberations are in the early stages and there’s no certainty ADQ will proceed with any transaction
The financing will be used to scale the platform, develop new features, and grow the team
Etihad accepted a 79 per cent haircut on $72.3m of debt owed by Air Seychelles Ltd
From the end of the neoliberal era to policy intervention, these are the macro economic trends expected to mark the biggest future shifts in the economy
Users can own a piece of real estate for as little as Dhs2,000
STC had said that the offer gives the Egyptian business an enterprise value of $4.35bn