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IHC cuts stake in Adani Energy
Following the divestment, IHC’s stake in AESL dropped to 0.85% from 2.68%
IHC, Fertiglobe, Invictus, and Dubai Investments post 2Q earnings
IHC’s bottom line grew 55.3% y-o-y
IHC to transfer USD 500 mn reins. premiums to reins. platform RIQ
Plus: ADGM establish reins. association
ESG, Apex, ADNH Catering report 2Q earnings
ADNH Catering expects regulatory approval for its takeover of Saudi JV Compass Arabia this quarter
Edge to launch JV with Turkey’s Pavo Group
Plus: Dana Gas estimates some 9 bn cubic feet of natural reserves from appraisal well in Egypt
Esyasoft to build USD 480 mn gas network in Azerbaijan
The project comes as the countries strengthen cooperation as part of an economic partnership
IHC eyes SME space with acquisition of eFunder + Medad acquires USD 100 mn stake in NWTN
Zelo has deployed more than USD 200 mn in funding since its 2020 launch
Mubadala pours more capital into CityFibre and PCI Pharma Services
Plus: Adia invests AED 17.7 mn in Anthem Biosciences’ IPO
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