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Warba Bank set to buy strategic Alghanim Trading stakeWarba Bank has announced that it has received the approval from the Central Bank of Kuwait (CBK) to acquire shares in Alghanim Trading Company. With this move, the bank will get to indirectly own 32.75% of Gulf Bank. More… |
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Global air cargo demand up 3.2% in January, says reportJanuary marked 18 consecutive months of growth for global air cargo with the total demand surging by 3.2% over the previous year, according to International Air Transport Association (IATA). The total demand, m More… |
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Ardian in deal to buy additional 10pc stake in HeathrowArdian, a world-leading private investment house, has announced that it has entered into a binding agreement to acquire an additional 10 per cent stake in FGP Topco (TopCo), the holding company for Heathrow Airport Holdings from Ferrovial SE a More… |
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Multiply Group snaps up major stake in Spanish apparel groupAbu Dhabi-based Multiply Group has announced that it has secured a 67.91% controlling stake in Castellano Investments SÀRL (the owner of Tendam Brands SAU and other subsidiaries), thus becoming the majority shareholder in the company al More… |
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Multiply Group snaps up major stake in Spanish apparel groupAbu Dhabi-based Multiply Group has announced that it has secured a 67.91% controlling stake in Castellano Investments SÀRL (the owner of Tendam Brands SAU and other subsidiaries), thus becoming the majority shareholder in the company al More… |
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PIF buys key stake in Saudi building materials companySaudi wealth fund PIF yesterday (February 13) announced the acquisition of a 30% stake in Masdar for Building Materials Company (Masdar), a leading local company specialising in the trading and distribution of building materials. More… |
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PIF buys key stake in Saudi building materials companySaudi wealth fund PIF yesterday (February 13) announced the acquisition of a 30% stake in Masdar for Building Materials Company (Masdar), a leading local company specialising in the trading and distribution of building materials. More… |
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Alpha Dhabi buys 73.7pc stake in National Corp for Tourism, HotelsAlpha Dhabi Holding has acquired a strategic controlling 73.73% interest in the National Corporation for Tourism and Hotels (NCTH), after selling assets from Alpha Dhabi Hospitality Holding (ADHH) and Murban Energy Limited to NCTH in exchange More… |
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Beltone unit to acquire big stake in African group BaobabBeltone Holding, a leading financial services provider in the Mena region, has announced that one of its key subsidiaries - Beltone Capital - has entered into a put option agreement to acquire a majority stake in Baobab, a leading African fina More… |
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Kingdom Holding buys $400m stake in Musk's AI companyKingdom Holding Company (KHC), a Saudi conglomerate with interests in key sectors such as hotel management, real estate and equity, has announced that it has acquired a key stake in xAI Corporation, an artificial intelligence company founded b More… |
