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Investcorp, US buyers make plays for Pal Cooling takeover
Big district cooling players in the UAE have been expanding their market share through acquisitions
Mubadala-backed EGA’s net income drops in 2024
Revenue rose slightly to AED 30 bn (USD 8.2 bn) for the full year
Multiply Group mulls sale of district cooling unit
PLUS: Mubadala offloads indirect Calisen stake
TOP STORIES: Saudi’s Ceer and Egypt’s Infinity make an EV push + investment updates galore
What we’re tracking this week regionally and around the world
TODAY: Acwa signs four green agreements + Morocco snaps multi-bn green energy deals with French firms
What we’re tracking this morning regionally and around the world
Mubadala backs Yondr Group, a global data center firm with net-zero emission ambitions
The investment will be made in partnership with US-based Apollo Management
Mubadala continues overseas clean energy investments spree
The investment will support Japan in installing 108 GW of solar capacity by 2030
UAE’s Mubadala will invest in USD 4.2 bn Australian urea plant
The investment is the largest ever in the Australian fertilizer sector
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