Dubai, UAE -- Property Finder, the MENA region’s largest property platform, has announced its investment in Stake, a fast-growing digital real estate investment platform. Stake enables users to invest in fractional property ownership and private real estate funds starting from as little as AED 500. The company, which won the...

XRG is ADNOC's wholly-owned international investment company.

The acquisition was made by way of a capital increase.

The company will acquire the remaining stake in mid-2027.

This helps EasyLease expand its presence in mobility sector.

Saudi Arabia said it transferred an additional eight percent stake from oil giant Aramco to firms owned by the kingdom's PIF sovereign wealth fund, according to state media. Aramco is the main source of revenue for Crown Prince and Prime Minister Mohammed bin Salman's ambitious economic and social reform program...

The acquisition of 44% stake is valued at US$211.20 million.

ROME, ITALY - ArcelorMittal has offered to sell its stake or become a minority shareholder in an Italian steelworks after Rome moved to put the plant under state supervision, the chief executive said in a letter seen by AFP. Aditya Mittal wrote to Italian Prime Minister Giorgia Meloni to press for...

The two will acquire 40.5% stake in the Egyptian firm.

Jeddah, Saudi Arabia - Saudi Arabia's Najran Cement Company has announced the extension of its non-binding memorandum of understanding (MoU) with Ayan for Commerce & Industry. This extension comes as a result of the ongoing valuation and due diligence processes, which are yet to be completed. The original MoU, signed...

The move is likely to enhance ESG’s manpower portfolio.

ADNOC to buy OCI’s entire shareholding in Fertiglobe.

ADCB to sell 80 percent stake in ADCP to Nine Yards Plus.

Dubai, UAE--Abu Dhabi Future Energy Company, also known as Masdar, is part of a $14 billion investment into the UK’s renewable energy sector and is purchasing a 49 percent stake in RWE’s 3 gigawatt (GW) Dogger Bank South (DBS) projects - which form one of the world’s largest planned offshore...

Saudi Arabia's sovereign wealth fund is to buy 10 percent of London's Heathrow airport from Spanish infrastructure giant Ferrovial, whose departure from the hub leaves Qatar as its biggest shareholder. Ferrovial said it was offloading its 25 percent stake for nearly US$3 billion, with the other 15 percent going to...

It will acquire 84 percent stake for US$12.3 million.

NEW DELHI, INDIA - Recent reports of Saudi Arabia expressing an interest in buying a stake in the Indian Premier League (IPL) may have kicked up a storm in the media, but the top brass of the Board of Control for Cricket in India claim they are yet to hear anything...

ANAVIA focuses on developing unmanned helicopters.

Riyadh, Saudi Arabia--The Public Investment Fund (PIF) and Hyundai Motor Company (Hyundai) have signed a joint-venture agreement to establish an automated vehicle manufacturing plant in Saudi Arabia. PIF will hold a 70% stake in the new joint venture with Hyundai holding the remaining 30%. Hyundai will also act as a...

The company acquires 51 percent stake in First Fix.

DIB felt Turkey is a great investment destination.

Move aligns with EIH's aim to diversify sources of investment.

The acquisition aims to broaden EIH's investment portfolio.

Cairo, Egypt--Egypt is looking to raise $5 billion from the offering of power plants and state-owned companies from October 2023 until the end of June 2024, according to a report on the Government IPO Program by the Cabinet's Information and Decision Support Center (IDSC). The report showed that Egypt plans...

Acquisition aims to diversify and expand into several sectors.

The deal is worth US$266 million (SAR1.27 billion).

It also completes conditions for a joint venture.

A minority stake in Breakwater Energy cost it US$100m.

With a 22% stake, it is now the biggest stakeholder in the firm.

The Saudi wealth fund will acquire a 30% stake in the gorcery chain.

The government sold a 9.5% stake for US$121.6mn.

ADNOC sold 5% stake in ADNOC Gas to investors through an IPO.

The PIF-owned firm looks to deepen investment in recycling.

The new firm will focus on internal combustion.

It will focus on the development of defense trading.

It will sell 10% of its stake, amounting to 12m shares.

Firm's reduction of stake in Alibaba partly helped.

Loss is basically due to the sale of one of its online platforms.

The Group will look to integrate GFS into its Maritime Cluster.

Project is part of the world's biggest natural gas reserves.

HDC provides special education and care services in S Arabia.

Bank raised US$325m from its stake sale of Spanish firm.

Skyborn Renewables is the world’s largest private offshore wind developer.

The PIF-backed firm buys 34% stake in an Egyptian firm.

Firm aims to expand its utilities, energy investments.

It bought 51% stake in Innovative Care for $57 million.

The 50 percent stake was acquired for $490m.

Savola wants to focus on core food and retail businesses.

The Saudi Egyptian company bought stakes worth $1.3bn.

After the deal, Alpha Dhabi becomes Aldar's parent company.