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The transaction is valued at AED 1.04 bn
Author Archives: enterpriseam admin
Posted inM&A WATCH
Adia invests USD 200 mn in Indian medical device manufacturer Meril
The investment values Meril at an enterprise value of USD 6.6 bn
Posted inREAL ESTATE
Dubai office rents steady in 2Q as demand shifts to larger spaces
While prime rents remain 36% higher y-o-y on average, rents were flat q-o-q in 11 of the 23 submarkets monitored by Savills
Posted inDEBT WATCH
Emirati lenders back AED 937.5 mn loan for Africa Finance Corporation
The financing comes as the institution looks to divesify its funding base
Posted inSTARTUP WATCH
Dubai’s contactless dining startup Qlub secures USD 30 mn for expansion
The funding round was co-led by Shorooq Partners and Cherry Ventures, and saw participation from e& and Mubadala
Posted inLEGISLATION WATCH
Breaking down DIFC’s latest amendments to data, security, and insolvency laws
Individuals can now file claims in DIFC courts for unlawful processing of their data
Posted inEARNINGS WATCH
Binghatti, Rakbank post strong 1H earnings
Binghatti’s net income more than doubled in 1H
Posted inALSO ON OUR RADAR
Kezad gets a new vaccine distribution hub + FAB launches education-focused fintech in Egypt
The Kezad facility is the first distribution center for biopharma firm GSK in the Middle East