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Logistics (MENA) 
Adia appoints Mustapha Argane as investment manager + HSBC appoints new MENAT banking head
Karim Tannir was appointed head of HSBC’s Menat banking division
Adia completes USD 733.4 mn investment in GMR Group + Mubadala makes another investment in biotech
The funds will be used to refinance GMR’s external debt
NMDC Energy closes AED 3.2 bn IPO with 31x oversubscription rate; shares start trading 11 September
Plus: GCC bank profitability looks good this year | Leon Black sets up family office outpost in ADGM
It’s the last day to subscribe to NMDC Energy’s ADX IPO
Plus: Adia and co-investors are selling a USD 1.2 bn stake in Swiss skincare outfit Galderma
ADIA now owns 40% of Landmark Dividend + Borealis closes 100% acquisition of Bulgaria’s Integra Plastics
Landmark Dividend is a subsidiary of global alternative asset manager DigitalBridge