#stake

stake

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

E-commerce

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