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Amiantit divests from International Infrastructure in bid to deleverage
The move cuts the company’s outstanding debt to lenders by 50%
¡Hola, Altice!
Potential bidders are expected to value the unit at around EUR 7 bn to EUR 9.5 bn
Aramco to enter Pakistan through stake in fuel retailer Go
GO operates a network of 1.1k fuel retail outlets across Pakistan
Abu-Dhabi-based Pure Harvest Smart Farms’ acquisition set to double production capacity in Saudi Arabia
The acquisition aims to double the company’s production capacity in Saudi Arabia and facilitate RedSea's transformation into a “pure-play Agri…
Cenomi Retail to sell fashion business to unit of Al Othaim in SAR 120 mn transaction
The sale’s proceeds will be used to sponsor Cenomi Retail’s focus on champion brands and deleverage debt
Almarai grabs Etmam Logistics for SAR 182 mn amid push into frozen foods
The move nicely compliments Almarai’s plans to widen its range of frozen products
NEOM takes stake in (regionally ubiquitous) Technogym + PIF buys into another luxury hotel chain
Technogym’s shares saw a c.6.9% markup as a result of the transaction, closing at EUR 9.20 from EUR 7.99 on…
Rising protectionism in the West scuppers Saudi chip investment, threatens UAE newspaper buy
The Saudi VC firm has sold its stake in Rain to Silicon Valley Grep VC
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