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XRG-led consortium needs four weeks before entering an implementation agreement for its takeover of Santos
The two firms have also yet to see eye to eye on terms for a binding scheme implementation agreement
Wusoom appoints new board members after BlueFive acquisition + BGN taps new Dubai-based Africa business head
Also: Sharjah has appointed a CEO and vice chair at Sharjah Hospitality Group
Mubadala Capital finalizes acquisition of CI Financial
CI aims to use Mubadala’s resources to expand in North America and globally
Amanat sells off land housing the North London Collegiate School property
The newly signed SPA supercedes a put option agreement between AHH and the guarantor that was disclosed in May 2025
Dar Global secures USD 165 mn for expansion, acquires DIFC firm to launch financial services arm
The company acquired strategic land in Riyadh and Jeddah, as well as a licensed financial services firm in the DIFC
THIS MORNING: UAE, Russia to double trade + Dubai-licensed crypto firms can now service other emirates
Plus: Mubadala Energy closed its acquisition of a 24.1% stake in US-based, Kimmeridge-owned Caturus
IHC cuts stake in Adani Energy
Following the divestment, IHC’s stake in AESL dropped to 0.85% from 2.68%
Ades Holding takes over Dubai-based Shelf Drilling for SAR 1.4 bn
The firm will pay a 62% premium to Shelf Drilling’s share price at market close on 4 August
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