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Aramco, Mapei get regulatory approvals for separate mergers in Kuwait
Sabic unit Hadeed is still waiting for clearance to buy 100% of Rajhi Steel
Mithaq Capital is the new majority owner of US retailer Children’s Place. PLUS: Tamimi markets acquires 100% of Al Raya
Alrajhi family’s investment arm acquires 54% of the US retailer
Northern Region Cement sells entire stake in Cement Experts
The sale comes as Northern Region Cement seeks the entry into other “strategic partnerships”
Algihaz eyes more exposure to region’s biggest shipyard
The investment company now owns 90% of Lamprell, which is building the region’s largest full-service shipyard in Ras Al Khair
MENA M&A activity was up just 4% in value terms last year
Despite all the turmoil, regional M&A activity was up fractionally last year: MENA closed mergers and acquisitions worth USD 86…
A unit of Bawan acquires Maali Holding’s entire stake in two electricity companies
Bawan Engineering Industries is buying out minority shareholders: The industrial outfit has signed an agreement that would see it increase…
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
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