IHC increases stake over 5% in Adani Enterprise Ltd Image IHC X

Abu Dhabi-based IHC increases stake in Adani Enterprises to above 5%

This development follows last week’s announcement by IHC that it had entered a definitive agreement to sell its stake in AGEL and ATL

Mastercard MTN

Mastercard to buy stake in MTN’s $5.2bn fintech unit

Signing of the definitive investment agreements is expected to occur in the very near term, said MTN chief executive officer Ralph Mupita

F1 Team Stake

Alfa Romeo F1 Team Stake launches partnership with Aioka

As part of the new partnership, Aioka will enhance the team’s offer to guests, as well as to corporate groups and individuals

UAE's Al Ansari Financial Services to list 10% stake in IPO

UAE’s Al Ansari Financial Services to list 10% stake in DFM IPO

The company plans to list its shares for trading on the Dubai Financial Market next month


ADNOC Gas announces intent to list 4% stake on ADX

More than three billion shares will be offered in the IPO

PIF acquires 30 % stake in Saudi tabreed-800x533-1

Public Investment Fund acquires 30% stake in Saudi Tabreed

Saudi Tabreed currently manages 779,000 tonnes of refrigeration (TR) via contracts with major companies in Saudi Arabia

Dubai Investments acquires 9% stake in UK-based digital bank

Dubai Investments acquires 9% stake in UK-based digital bank

Monument Bank is focused on the overlooked ‘mass affluent’ segment in the UK

Dubai district cooling firm Empower to sell 10% stake in IPO

The firm has said it expects the minimum dividend to remain at $231m annually for two years after the IPO

Oman oil driller Abraj Energy hires banks for $500m IPO

Oman oil driller Abraj Energy hires banks for $500m IPO

Abraj Energy was created in 2006 and owns about 20 land rigs


The SME Story: Rami Tabbara, co-founder and co-CEO of Stake

A digital fractional real estate investment platform is offering a chance for those with limited budgets to enter the property market

Prince Alwaleed

Saudi Arabia buys $1.5bn stake in Prince Alwaleed’s firm

The Public Investment Fund acquired a 16.9 per cent stake in Kingdom Holding Company

Dubai’s DEWA increases stake size from 6.5% to 17% in IPO

DEWA is expected to list on the Dubai Financial Market on or around April 12, 2022


Saudi grocer BinDawood buys majority stake in online developer

The deal is expected to close in the second half of the year

ADNOC Drilling completes IPO bookbuild raising of over $1.1bn

Total gross demand for the IPO amounted to over $34bn

Abu Dhabi’s Mubadala part of consortium purchasing Bain’s Hugel stake for $1.5bn

The South Korean company Hugel mainly produces beauty goods

Mubadala Health buys UEMedical stake, joins Olive Rock, Cerberus

Financial details of the transaction, which is expected to close by September, weren’t disclosed

Abu Dhabi’s ADQ is said to eye stake in top Egyptian dairy firm

Deliberations are in the early stages and there’s no certainty ADQ will proceed with any transaction

Dubai’s property investment platform Stake raises $4m in seed funding round

The financing will be used to scale the platform, develop new features, and grow the team

Seychelles pays $1 to acquire Etihad’s stake in its flag carrier

Etihad accepted a 79 per cent haircut on $72.3m of debt owed by Air Seychelles Ltd

Yves Bonzon is the group chief investment officer at Julius Baer

Five macro trends set to shape the next decade

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

Crowd investment platform Stake launches in UAE

Users can own a piece of real estate for as little as Dhs2,000

Saudi Telecom seeks to cut $2.39bn offer for Vodafone Egypt

STC had said that the offer gives the Egyptian business an enterprise value of $4.35bn