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Sidara locks in USD 1.35 bn in financing — and sets itself up for more down the line
The facility could be upsized to USD 1.55 bn later on
Wood CEO to step down after Sidara takeover vote + New names at the top at Talabat, Shuaa, and Adia Labs
Talabat's CEO resigns after six years in the role
Sidara to acquire UK’s Wood Group for GBP 216 mn
The transaction includes a USD 450 mn capital injection from Sidara to shore up Wood’s liquidity
THIS MORNING: D-day for Sidara? + Sotheby’s brings first auction series to Abu Dhabi in December
Plus: Talabat parent firm Delivery Hero cuts earnings guidance amid FX headwinds
Sidara lowers its bid to acquire Wood Group after completing due diligence
The “put up or shut up” deadline was extended to tomorrow
THIS MORNING: US to ease AI exports? + No more OTPs as of today, CBUAE says
Plus: Masdar City firms could soon be allowed to own land, property in Dubai
Flydubai breaks ground on USD 190 mn MRO hub in Dubai South
Plus: Abu Dhabi’s Knowledge Group acquires corporate training firm Biz Group
THIS MORNING: UAE on track to surpass Saudi Arabia in construction contracts for the first time in years
Plus: Dubai regulator reportedly searches offices of Magellan Capital
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