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Cenomi Retail wraps up SAR 115 mn sale of Innovative Outfit Trading
The transaction will see Cenomi sell the franchise rights to 16 brands
Savola looks to offload Almarai, raise SAR 6 bn in fresh capital to focus on fresh growth
Savola is also looking into the possible IPO of Panda, its consumer retail arm
Alinma Bank wraps up acquisition of Tokio Marine’s stake in Arabian Shield Ins
This brings the bank’s stake up to 11.5% after acquiring TMNF’s full stake
Kazyon expands to Saudi Arabia, acquiring 50% of discount retailer Dukan
Transaction was by an investment by an unnamed sovereign fund
Solutions by stc now owns 40% of Devoteam Middle East
The transaction was funded through solutions’ own resources
Lana Medical is the new owner of Saham Environmental Services
The transaction will be financed through Lana Medical’s own resources
MIS makes play with OpenAI rival
The investment is part of a SAR 40 mn allocation for an investment portfolio directed towards global AI firms
Tadawul takes >32% stake in Dubai Mercantile Exchange
The acquisition will make STG the largest shareholder in DME Holdings
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