The Sharjah FDI Office, known as Invest in Sharjah, has introduced ‘Sharjah AcquireHub’, marking the region’s first government-backed digital platform designed to streamline mergers and acquisitions (M&A) in Sharjah. This initiative, developed in partnership with Transworld Business Advisors, aims to boost economic growth, enhance market resilience, and attract high-quality investments to Sharjah by providing a...
Jordan’s Bank al Etihad has finalized the acquisition of smaller peer Investbank, creating one of the largest lending institutions in the kingdom, according to bank officials on Thursday. The boards of both banks have approved a stock-for-stock acquisition that results in a combined entity with a total equity value exceeding $1.4 billion. Bank al Etihad...
Abu Dhabi’s hotel group, Rotana, is set to launch an initial public offering (IPO) as it seeks the necessary approval from its shareholders. The vice chairman noted that this move aligns with the company’s strategy for expansion and growth in the competitive hospitality sector. The company is actively pursuing mergers and acquisitions to bolster its...
The education sector in the United Arab Emirates is increasingly attracting mergers and acquisitions, with experts predicting significant growth due to rising population, economic diversification, and demand from expatriates. The UAE’s education market, valued at over $7 billion, is expected to exceed $10 billion by 2030, with a compound annual growth rate of 7.5 percent....
The troubled engineering firm John Wood Group has received a new takeover proposal from Sidara, a Dubai-based network of engineering and design companies. The offer includes a non-binding conditional bid of 35p per share, which would value Wood Group at approximately £242 million. Additionally, the proposal entails a potential cash injection of $450 million (£342...
The alternative investment sector has experienced a significant transformation with the official launch of SWI Group, resulting from a strategic merger between Icona Capital and Stoneweg. The newly formed entity boasts combined assets under management exceeding US $11 billion, establishing itself as a key player in various investment categories. French billionaire Max-Hervé George, who played...
JetSynthesys, a digital entertainment and technology company based in Pune, is poised to expand its operations into the West Asia region as part of a strategy to take its e-sports offerings global. This move aligns with the recent announcement by the International Olympic Committee (IOC) to host the Olympic Esports Games in 2027, with the...
Dubai Aerospace Enterprise Ltd (DAE), owned by Dubai’s sovereign wealth fund, is contemplating the sale of its aircraft maintenance division. The company is reportedly working with Morgan Stanley to explore the potential sale of its 80% stake in Jordan-based aircraft maintenance, repair, and overhaul firm Joramco. DAE acquired this 80% stake in 2016 from the...
Mubadala Investment Company has successfully finalized the sale of its indirect stake in Calisen, a leading provider of energy services in the United Kingdom. This transaction marks a significant move for Mubadala in its strategic investment portfolio, reflecting its commitment to restructuring its investments in the energy sector. Calisen specializes in managing energy assets and...
Merger and acquisition activities in the Middle East and North Africa (MENA) saw a 7% increase in 2024, reaching a total deal value of $92.3 billion, largely fueled by the contributions of Saudi Arabia and the UAE. According to a report by professional services network EY, the region recorded 701 deals, which is a 3%...