Abu Dhabi-based investment vehicle CYVN Holdings and Bahrain’s Mumtalakat Holding Company, the sovereign wealth fund of Bahrain, have announced the completion of their acquisition of McLaren Automotive, along with a non-controlling stake in McLaren Racing. This announcement follows the fulfillment of customary closing conditions and the receipt of necessary regulatory approvals to finalize the deal....
Solidarity Group Holding, a Shariah-compliant insurer, has successfully arranged a Murabaha financing agreement worth BHD 58 million, equivalent to $153 million, with the Bank of Bahrain and Kuwait (BBK). This funding will facilitate Solidarity’s acquisition of Bahrain National Insurance (BNI), which is a subsidiary of Bahrain National Holding. Earlier this year, Solidarity Bahrain, a unit...
SITA, a global leader in air transport technology, has announced its successful acquisition of the Italian company CCM, known for its expertise in airport interior design. This strategic move aims to enhance airport operations by merging technology with innovative design, thereby creating spaces that are ready for the future. Headquartered in Milan, CCM is recognized...
ADQ, a prominent sovereign investor focused on critical infrastructure and global supply chains, has successfully acquired a 63.26% stake in Aramex. This acquisition marks a significant step in ADQ’s strategy to expand its investment portfolio in the logistics sector. In a stock market disclosure, Mansour AlMulla, Deputy Group Chief Executive Officer of ADQ, indicated that...
The Agthia Group, listed in Abu Dhabi, has successfully acquired a 100 percent stake in the UAE mineral water desalination company Riviere. This strategic acquisition is expected to significantly enhance Agthia’s household customer base, allowing the company to triple its reach and strengthen its position in the water and food segment. With this acquisition, Agthia...
EHC Investment, through its energy division Emirates International Gas (EIG), has successfully completed the acquisition of Al Fanar Gas Group. This company is recognized as Abu Dhabi’s largest gas distributor and maintenance provider, as well as one of the leading gas service firms in the UAE. This strategic acquisition is expected to enhance EHC’s long-term...
The Agthia Group, which is listed in Abu Dhabi, has acquired a 100% stake in Riviere, a UAE mineral water desalination company. This strategic move is expected to triple Agthia’s household customer base and enhance its revenue growth in the water and food segment by 6.5%. Agthia plans to retain the Riviere brand following the...
EHC Investment, through its energy division Emirates International Gas (EIG), has completed the full acquisition of Al Fanar Gas Group, which is recognized as Abu Dhabi’s largest gas distributor and maintenance provider. This significant acquisition not only reinforces EHC’s long-term vision for growth and technological advancement but also aligns with the broader goals of the...
The Abu Dhabi Investment Authority (ADIA) is set to acquire a “significant minority stake” in the French outdoor accommodation company, the European Camping Group (ECG), through one of its wholly owned subsidiaries. This acquisition marks ADIA’s continued investment strategy in European markets. The private equity firm PAI Partners, which currently holds a majority stake in...
Hassana Investment Company has successfully finalized the acquisition of a 40% stake in Berain Water Company from Mohammed Abdulaziz Al-Rajhi & Sons Investment Company, also known as Rajhi-Invest. This significant transaction is expected to initiate a long-term partnership between the two companies, positioning Hassana to enhance its presence in the consumer sector of Saudi Arabia....