{"id":113806,"date":"2026-04-01T00:00:00","date_gmt":"2026-04-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/menaplus\/2026\/04\/01\/cross-border-acquisitions-is-the-flavor-of-the-day-for-dp-world-ihc\/"},"modified":"2026-04-01T00:00:00","modified_gmt":"2026-04-01T00:00:00","slug":"cross-border-acquisitions-is-the-flavor-of-the-day-for-dp-world-ihc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/menaplus\/2026\/04\/01\/cross-border-acquisitions-is-the-flavor-of-the-day-for-dp-world-ihc\/","title":{"rendered":"Cross-border acquisitions is the flavor of the day for DP World + IHC"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai-based global ports operator DP World <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/boards-policy-regulation\/russias-rosatom-uaes-dp-world-plan-logistics-joint-venture-russia-2026-03-27\/\" style=\"\">is acquiring<\/a><\/strong><strong> a 49% stake in a new logistics <\/strong><strong>joint venture <\/strong><strong>with Russia\u2019s state nuclear firm Rosatom<\/strong>, which will hold 51%, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/boards-policy-regulation\/russias-rosatom-uaes-dp-world-plan-logistics-joint-venture-russia-2026-03-27\/\" style=\"\">Reuters<\/a> reports. Rosatom will fold its 92.4% stake in transport group Fesco, while DP World will bring liquidity tied to Fesco\u2019s valuation. The partnership opens a channel into Russian-linked container flows and North Sea routes, a lane Rosatom is trying to scale into a commercial corridor. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DP World and Rosatom have been building toward this <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/rosatom-dp-world-join-efforts-arctic-container-shipments-2021-07-23\/\" style=\"\">since 2021<\/a><\/strong>, signing Arctic route agreements and setting up a similar 51\/49 joint venture \u2014 International Container Logistics \u2014 <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/russia-sets-up-joint-venture-with-dp-world-develop-arctic-sea-route-2023-10-24\/\" style=\"\">back in 2023<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Banks in the UAE are shoring up their balance sheets: <\/strong>Emirates NBD just pulled off the largest syndicated borrowing in the GCC this year \u2014 USD 2.25 bn in long-term financing split between a USD 1.75 bn five-year sustainability-linked term loan and a USD 500 mn five-year club commodity murabaha arranged through Emirates Islamic. War or not: The S-linked loan landed the tightest pricing in ENBD\u2019s history for a syndicated facility, per the bank\u2019s <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/emirates-nbd-group-successfully-closes-usd-225bln-in-long-term-financing-tnj7g4ms\" style=\"\">statement<\/a>. Fifteen lenders from the Americas, Europe, and Asia participated. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWILE- Sharjah Islamic Bank is tapping shareholders for AED 2.59 bn<\/strong> through a discounted rights issue that will boost its issued share capital by a third to over AED 4.3 bn. The rights are priced at AED 2.40 \u2014 a 37% discount to SIB\u2019s mid-February value \u2014 with Emirates NBD Capital leading. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IHC has cleared the last regulatory hurdles for its USD 1 bn takeover of India\u2019s Sammaan <\/strong><strong>Capital.<\/strong> The Abu Dhabi investment giant \u2014 acting through subsidiary Avenir Investment \u2014 has acquired c. 26.9% of the Mumbai-listed mortgage lender so far, with the balance to come via share warrants. Once complete, IHC will hold a 41.5% stake, giving it board control of one of India\u2019s largest non-banking financial companies. Sammaan \u2014 formerly Indiabulls Housing Finance \u2014 operates 220 branches across 150+ towns and cities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>The deal, <a target=\"_blank\" href=\"https:\/\/www.agbi.com\/finance\/2026\/03\/ihc-gets-green-light-for-sammaan-capital-deal\/\" style=\"\"><\/a><a target=\"_blank\" href=\"https:\/\/www.agbi.com\/finance\/2026\/03\/ihc-gets-green-light-for-sammaan-capital-deal\/\" style=\"\">first announced last October<\/a>, is part of IHC\u2019s plan to deploy up to <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/economy\/2025\/05\/23\/abu-dhabi-ihc-investment\/\" style=\"\"><\/a><a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/economy\/2025\/05\/23\/abu-dhabi-ihc-investment\/\" style=\"\">USD 110 bn into India<\/a> over the coming decade.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gulf sovereign money helped power Whoop\u2019s USD 575 mn Series G<\/strong>, which values the <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2026-03-31\/whoop-s-value-tops-10-billion-edges-closer-to-ipo-video\" style=\"\">IPO-bound<\/a> Boston-based wearable company at USD 10.1 bn \u2014 nearly triple its last reported valuation. Collaborative Fund led the round, with 2PointZero, Mubadala, and the Qatar Investment Authority also writing tickets. Athletes including Cristiano Ronaldo and LeBron James also came in. Whoop exited 2025 cash-flow positive on a USD 1.1 bn bookings run rate, with subscriptions up 103% year-on-year, per <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-31\/whoop-raises-575-million-at-a-10-billion-valuation-on-its-way-to-an-ipo\" style=\"\"><\/a><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-31\/whoop-raises-575-million-at-a-10-billion-valuation-on-its-way-to-an-ipo\" style=\"\">Bloomberg<\/a>. CEO Will Ahmed told <a target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/news\/whoop-ceo-after-raising-575-million-our-next-step-is-an-ipo-160340411.html\" style=\"\"><\/a><a target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/news\/whoop-ceo-after-raising-575-million-our-next-step-is-an-ipo-160340411.html\" style=\"\">Yahoo Finance<\/a> this is expected to be the last private round \u2014 making an IPO the next logical step. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ALSO WORTH KNOWING TODAY<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ePointZero<\/strong>, a subsidiary of Abu Dhabi\u2019s 2PointZero Group, has agreed to <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/economy\/2026\/03\/31\/uaes-2pointzero-seals-225-billion-us-deal-as-investments-continue-despite-war\/\" style=\"\"><\/a><a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/economy\/2026\/03\/31\/uaes-2pointzero-seals-225-billion-us-deal-as-investments-continue-despite-war\/\" style=\"\">acquire 100%<\/a> of US-based Traverse Midstream Partners for USD 2.25 bn \u2014 gaining minority stakes in the Rover Pipeline and the Ohio River System, two critical pieces of North American natural gas infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CCC Egypt<\/strong> is <a target=\"_blank\" href=\"https:\/\/www.google.com\/search?q=https:\/\/www.ccc.net\/news\/ccc-egypt-acquires-alunile\/\" style=\"\"><\/a><a target=\"_blank\" href=\"https:\/\/www.google.com\/search?q=https:\/\/www.ccc.net\/news\/ccc-egypt-acquires-alunile\/\" style=\"\">acquiring 99%<\/a> of <strong>AluNile<\/strong>, a leading facade and glass manufacturer that generated EGP 1.5 bn in revenue in 2025 and holds an EGP 3 bn backlog \u2014 a vertical integration play to secure supply chain for large-scale building envelope projects as CCC eyes Gulf and Africa expansion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>VCs are still writing tickets to startups, drones and missiles or not: <\/strong>Growth investor <strong>Emirates Growth Fund<\/strong> is <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/egf-invests-aed-45mln-in-carnistore-to-anchor-the-uaes-premium-protein-sector-xfpnti97\" style=\"\">putting AED 45 mn<\/a> into <strong>CarniStore<\/strong> \u2014 a UAE-based premium protein business that spans sourcing, production, and digital retail. And US-based <strong><a target=\"_blank\" href=\"https:\/\/www.carbideventures.com\/\" style=\"\">Carbide Ventures<\/a><\/strong> led a <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2026\/03\/zyplai-closes-5-5-million-bridge-round-80-million-valuation\" style=\"\">USD 5.5 mn<\/a> bridge round for Dubai-based credit scoring platform <strong><a target=\"_blank\" href=\"http:\/\/zypl.ai\" style=\"\">Zypl.ai<\/a><\/strong>. Meanwhile, <strong><a target=\"_blank\" href=\"https:\/\/sales.moviton.com\/\" style=\"\">MovitOn<\/a><\/strong> (think of it as \u201cUber for small parcels\u201d) <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/moviton-eaises-2mln-in-community-pre-sale-to-overhaul-global-logistics-with-web3-tech-eluugkpk\" style=\"\">raised USD 2 mn<\/a> in what it\u2019s positioning as a \u201ccommunity pre-sale round\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cairo-born Ades Holding<\/strong> has signed <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=94015&anCat=1&cs=2382&locale=en\" style=\"\"><\/a><a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=94015&anCat=1&cs=2382&locale=en\" style=\"\">multi-year contracts<\/a> to deploy three premium jackup rigs in Nigeria for the West African Exploration & Production Company under a SAR 2.73 bn (USD 729 mn) agreement \u2014 a geographic hedge at a moment when Hormuz disruptions have idled several of its GCC rigs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abdel Hadi Abdullah Al Qahtani & Sons<\/strong> and the US-based <strong>Patel Family Office<\/strong> are launching <strong>Ayara<\/strong>, a USD 1 bn platform to build and operate <a target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20260330244997\/en\/ADDING-MULTIMEDIA-Patel-Family-Office-and-AHQ-Launch-%241bn-AYARA-Hospitality-Platform-to-Develop-50-Hotels-in-Saudi-Arabia\" style=\"\"><\/a><a target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20260330244997\/en\/ADDING-MULTIMEDIA-Patel-Family-Office-and-AHQ-Launch-%241bn-AYARA-Hospitality-Platform-to-Develop-50-Hotels-in-Saudi-Arabia\" style=\"\">50 hotels<\/a> across Saudi Arabia by 2029, targeting the corporate and business-travel segment where supply hasn\u2019t kept pace with the Kingdom\u2019s luxury build-out.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Egypt\u2019s <strong>Halan<\/strong> raised EGP 2.2 bn via a securitized bond issuance, part of a broader EGP 11.5 bn securitization program, per a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/3\/1423.pdf\" style=\"\"><\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/3\/1423.pdf\" style=\"\">statement (pdf)<\/a> from counsel Matouk Bassiouny & Hennawy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt<\/strong> has secured a JPY 35 bn (c. USD 220 mn) concessional loan from <strong>Japan<\/strong> at 1.5% with a 20-year repayment schedule and a 10-year grace period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Petrolube<\/strong> \u2014 the industrial oils manufacturing arm of Saudi Arabia\u2019s Petromin \u2014 has received <a target=\"_blank\" href=\"https:\/\/www.google.com\/search?q=https:\/\/cma.org.sa\/en\/Market\/News\/Pages\/CMA_N_3421.aspx\" style=\"\"><\/a><a target=\"_blank\" href=\"https:\/\/www.google.com\/search?q=https:\/\/cma.org.sa\/en\/Market\/News\/Pages\/CMA_N_3421.aspx\" style=\"\">CMA approval<\/a> for a 30% IPO on the Saudi Exchange, offering 9 mn shares.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Market Snapshot<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadawul<\/strong> +0.7% \u2022 <strong>ADX<\/strong> -0.1% \u2022 <strong>DFM<\/strong> -0.2% \u2022 <strong>EGX30<\/strong> +0.3%<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Brent USD 103.97 \/ bbl \u2022 Gold USD 4,719 \/ oz \u2022 USD \/ SAR 3.75 \u2022 USD \/ EGP 54.54<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: Emirates NBD pulls off the largest syndicated borrowing in the GCC this year<\/p>\n","protected":false},"author":1,"featured_media":113807,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2630],"tags":[2659,2647,2653,2654,2538,2656,2462,2628,2657,2658,2655],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-113806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets-deals","tag-2pointzero","tag-debt-watch","tag-dp-world","tag-emirates-nbd","tag-enterpriseam","tag-ihc","tag-ma","tag-markets-deals","tag-mubadala","tag-qatar-investment-authority","tag-sharjah-islamic-bank","wpautop","entry"],"acf":{"mongo_id":"9f632682-ef51-40e0-88a6-cb282d145f79","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1166.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Of acquisitions and fundraising","related_issue":[113790],"teaser":"PLUS: Emirates NBD pulls off the largest syndicated borrowing in the GCC this year"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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