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Qatar Islamic Bank backs out of United Bank offer -report
QIB and the Kuwait Finance House completed their due diligence for United Bank in December
Act Financial to buy into three EGX-listed companies following IPO this month
Act Financial is set to diversify its portfolio by investing in three EGX-listed companies this year
Saudi-Egyptian Industrial Investment mulls reviving bid for state-run El Nasr Glass; PLUS: Emaar Misr pushes forward acquisition plans, GTEX Holding’s UK retail unit receives offer
Saudi-Egyptian Industrial Investment revived its bid because of the stability in the exchange rate against the greenback
Bajaj’s Qute microcar to be manufactured by GB Auto, Military Production Ministry. PLUS: PPP education platform returns? FABMisr + Cayesh, Premium Diagnositcs UAE + City Lab, Fawry, SFE + B Investments
AUTOMOTIVE- GB Auto, Military Production Ministry to manufacture Bajaj vehicle locally: GB Auto subsidiary Itamco and the Military Production Ministry’s…
SFE acquires a 20% stake in Care Pharmacies. PLUS: City Lab offloads 13.8% of the company on the EGX
The SFE will take control of 45 branches of the company out of 220 in total, under the agreement
UAE’s Electra bid for Elsewedy receives the regulatory greenlight
Electra will pay around USD 560 mn for the stake
A lot of acquisitions in the pharma, med sphere
Triquera acquired an additional 22.18% in local drugmaker Minapharm
PIF in talks to get a piece of local agriculture firm Daltex
The sovereign fund wants a minority stake in Daltex through a capital increase
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