Abu Dhabi National Hotels Company acquires a 50% stake in M Five Cleaning Services, a UAE-based housekeeping and cleaning firm, according to an ADX disclosure. The financial details of the transactions were not disclosed.

Looking forward: The company plans to explore new markets, particularly in North Africa and Europe, aiming for global expansion, the company's CEO, Khalid Anib said in September, Arab News reports.

About Abu Dhabi National Hotels Company: Established in 1976, Abu Dhabi National Hotels (ADNH) has evolved from a hotel owner and asset manager into a diversified hospitality group encompassing hotels, restaurants, destination management services, catering, and transportation. The company's hotel portfolio includes The Ritz-Carlton Abu Dhabi Grand Canal, The Park Hyatt Abu Dhabi Hotel & Villas and Le Meridien Abu Dhabi.

IN OTHER M&A NEWS-

e& now owns half of Careem’s super app: Telecom giant e& has acquired a majority stake in Careem’s super app for USD 400 mn according to a bourse filing on the ADX. The transaction was inked back in April with the creation of a new entity dubbed “Careem Everything App,” which separates Careem’s ridesharing business, fully owned by Uber, from its non-rishesharing business.

The new app is an amalgamation of various services featuring food and grocery delivery, micro-mobility, a digital wallet, fintech services, and other third-party services including home cleaning, car rental and laundry, the press release reads.

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