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Adnoc Drilling officially goes regional
This is the company’s first inorganic expansion outside the UAE
ESG leases out land to Spox Investments, and BinDawood acquires stake in Dubai’s Wonder Bakery
BinDawood is paying AED 96.9 mn for a 51% stake in Wonder Bakery
Abu Dhabi developer acquires marina construction firm as more developers expand infrastructure capabilities amid property boom
Plus: Modon divests stake in Icon Hotel to ADQ
IHC’s expansion drive continues
The company is targeting scalable SME-focused firms, having recently poured USD 715 mn into digital financing platform Zelo
Adia doubles down on India’s ICICI Prudential, while Mubadala acquires a US building automation firm
Mubadala and Bain acquired Service Logic, a North Carolina-based HVAC and building automation firm
About-turns on India…
Masdar pulled the plug on the transaction without disclosing the reason
Indian tech firm Cyient acquires Abu Dhabi tech consulting firm in a push into the region. Plus: Adia backs ICICI Prudential
ADGCE mainly works with energy firms
Orascom Construction board approves merger with OCI Global to form new Abu Dhabi-based infrastructure giant
Shareholders will vote on the merger in January
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