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Ades Holding takes over Dubai-based Shelf Drilling in a SAR 1.4 bn merger
Ades will pay SAR 5 per share, representing a 62% premium to Shelf Drilling’s close on 4 August
Dr Sulaiman Al Habib setting up Al Jubail Hospital for SAR 571 mn
PLUS: Wasl receives Sama’s initial approval for digital brokerage practice
Almarai finalizes SAR 1 bn takeover of Pure Beverages
ALSO: Dammam adds 162 new industrial units to fire up SME growth
Medgulf, Buruj agree to merge as ins. sector heads into consolidation
The merger will create the fourth-largest ins. player in the Kingdom by GWP
UAE’s Al-Futtaim takes big stake in Cenomi Retail
Cenomi Retail had been shedding brands as part of a turnaround bid. Al-Futtaim is now offering a lifeline — and…
Enar + UAE’s Jubaili Bros team up to boost solar energy use in the Kingdom
ALSO- UAE’s Etihad Airways to launch direct flights to Al Madinah as of November
PIF-backed Nesma & Partners acquires Al Yusr Industrial Contracting
EFG Hermes was the sole buy-side financial advisor
MENA M&As hit highest level on record in 1H 2025
The materials sector accounted for 67% of the region’s total M&A value
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