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Ma’aden to acquire 25.1% stake in JV with Alcoa for USD 1.1 bn
The acquisition is expected to close in 1H 2025
Nahdi Holding acquires additional 3.1% stake in Nahdi Medical
PLUS: Lots of tech news
Aramco is getting another slice of Petro Rabigh + extending a fresh loan
Aramco’s stake in the company will now reach 60%.
Saudi Re completes exit from Probitas Holdings
The sale will reflect positively on Saudi Re’s 3Q 2024 results
M&A activity is off-track globally this year
Transaction value in 2024 is over USD 300 bn below the 10-year average in 1H
Ma’aden acquires 25% stake in JV with Mosaic + Sabic
Plus: Almunajem snaps up more of Balady Poultry
PIF eyes stake in Saudi Binladin Group
PIF is reportedly eyeing the Finance Ministry’s 36% stake in Saudi Binladin Group
¡Hola, Altice!
Potential bidders are expected to value the unit at around EUR 7 bn to EUR 9.5 bn
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