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...
BP buys 40% stake in Australian renewable plant, largest on earth
Oil giant BP announced Wednesday it is taking a 40.5 percent stake in an Australian energy project being billed as the largest renewable power station on earth.
e& buys stake in Vodafone
It bought a 9.8% stake for $4.4bn in the British firm.
Twitter throttles Musk bid
It is to ensure that he doesn’t get a controlling stake in Twitter.
Elon Musk asks: ‘Is Twitter dying?’
He also called out users who are highly followed but rarely post.
Elon Musk buys 9.2% Twitter stake
The investment is worth $2.9 billion based on Friday's share price.
Stc to buy stake in Giza
The firm will buy controlling stake for $158 million.
ADQ of Abu Dhabi to buy majority stake in Unifrutti Group
ADQ, Abu Dhabi wealth fund, will buy a majority stake in Unifrutti Group, a fruit and vegetable producer, marketer, and distributor.
Evergrande to sell stake
The developer would sell the Crystal City Project in Hangzhou for 3.66 bn yuan.PIF of Saudi Arabia looks to buy stakes in four construction firms
PIF, Saudi Sovereign Wealth Fund, is in talks with four construction firms in order to make investments to the tune of millions of dollars in the companies.
Etisalat to up stake in Mobily
This comes as Etisalat aims to expand its footprint in Saudi Arabia.Lucid Motors to manufacture electric vehicles in Saudi Arabia
Lucid Motors has leased a big plot of land for $30 million in King Abdullah Economic City Industrial Valley, in Saudi Arabia, to produce electric vehicles in the kingdom.Zain Group to sell tower infrastructure
PIF-led consortium to buy 80 percent stake in 8,069 towers.Saudi firm BinDawood eyes expansion by way of acquisition
Future Tech Retail, a firm owned by Saudi retailer BinDawood Holding, will acquire a sixty-two percent stake in International Applications Trading Co., an e-commerce platform operator, for an unknown sum.
Alpha Dhabi revenues rise 400 percent
The gross profit in 2021 was AED5.1 billion in 2021, compared to AED 218 m in 2020.Alpha Dhabi acquires stake in Al Qudra
Deal part of ADH's $2.17 billion investment plan.
Alpha Dhabi Holding raises stake in Aldar Properties to 30%
Alpha Dhabi Holding (ADH) has announced the acquisition of an additional 17 percent shareholding of Aldar Properties. The acquisition will increase Alpha Dhabi Holding’s shares in Aldar Properties to 29.8 percent, making it one of the largest shareholders, said an ADH statement on Monday.Mubadala acquires stake in Sibur
This is the company's largest investment in Russia yet.
ESG of UAE buys 70% stake in WFC Holding
Emirates Stallions Group (ESG) has bought a 70 percent stake in WFC Holding as part of its plan to diversify into new areas, the company said on Wednesday.
Tarjama sells stake to French firm
French fund manager Amethis has bought a minority stake in the UAE-based firm.
National Bonds ups stake in Taleem
Taleem Holdings is one of the largest education providers in the Middle East.
Dallah buys 8.2% stake in IMC
Dallah Healthcare of Saudi Arabia has picked up an 8.2 percent stake in International Medical Company for $77 million in order to widen its business.
IHC of Abu Dhabi acquires 51 percent of Bin Suhail Group to form beauty joint venture
International Holding Company (IHC), Abu Dhabi conglomerate, has agreed to acquire 51% of Bin Suhail Group through a subsidiary to form a beauty industry joint venture, it said on Monday.
PIF acquires 25 percent stake in EEC
Under the deal, EEC transferred part of its loan to PIF in exchange for company shares.
Al Mazaya’s subsidiary to sell Saudi firm stake
First Dubai Real Estate Development Co. board cleared the $51.4m deal.
UAE’s Amanat sells stake in Saudi IMC for $118m
The United Arab Emirates-based healthcare and education investment company, Amanat Holdings, has sold its 13.13 percent of minority equity stake in the Saudi International Medical Center for $118 million.GII of Dubai to pick stake in Saudi healthcare firm for $600m
Gulf Islamic Investments (GII) of Dubai is looking to pick up a stake in a Saudi healthcare company for $600 million. It is part of the financial services firm’s expansion strategy in the kingdom.
Shuaa Capital CEO now owns 30 percent of the firm
The CEO of the UAE-based Shuaa Capital has bought 57, 966, 523 shares in the financial firm, taking his personal stake close to 30 percent in the company.
Mubadala buys gas field stake
It has spent $1.03 billion to buy a stake in the Tamar gas field.
Tabreed ups cooling-scheme stake
The exclusive scheme supplies Al Maryah Island in Abu Dhabi.Qatar’s Islamic lender buys 5% stake in Al Rayan
Masraf Al Rayan, Qatar’s Islamic lender, has bought an additional 5 percent stake in Al Rayan (UK) from Qatar Holding LLC.
Aramco plans $20m stock swap with Reliance Industries
Saudi Aramco chairman Yasir Al-Rumayyan was inducted into the RIL board in June in the run-up to this deal.
Qatar Investment Authority deals a blow to Credit Suisse, lowers stake
The QIA now hold a below five-percent stake in the Swiss bank Earlier it held about 133 million shares, making it the bank’s biggest shareholder In yet another crushing blow to the standing of Credit Suisse, the Qatar Investment Authority (QIA) has lowered its stake in the bank to below...
Mubadala sells 4.5 percent Oil Search stake for $275m
Abu Dhabi’s sovereign wealth fund Mubadala Investment Company has offloaded A$363 million ($274.82 million) share in Oil Search, which has major stakes in Papua New Guinea’s emerging liquefied natural gas (LNG) sector. Mubadala sold a 4.5 percent stake in Oil Search Ltd, the oil and gas producer said in a...
Investor sells his 2.4 stake in Abu Dhabi Commercial Bank for $300 million
The offering consisted of 164 million shares in the bank The Abu Dhabi Investment Council is the largest shareholder in ADCB with a 60.2 percent stake An unnamed investor holding 2.4 percent stake in Abu Dhabi Commercial Bank (ADCB) has sold his entire stake in the lender for about 1.1...Aramco hires Morgan Stanley as lead adviser to sell gas pipeline stake
Aramco's $12.4 billion oil pipeline deal could be template for hiring Company also plans to spend about $35 billion on capital expenditure this year Saudi oil giant Aramco has roped in Morgan Stanley as the lead adviser to review a potential multibillion-dollar stake sale in its natural gas pipeline network,...Berain Water of Saudi Arabia ropes in Samba for IPO
The offering could be as much as 30 percent of stake in the company Riyadh-based Berain is one of Saudi Arabia’s biggest bottled-water companies Berain Water of Saudi Arabia has roped in the services of the investment banking arm of Samba Financial Group to manage a potential Initial Public Offering...Commercial Bank of Qatar to buy 15% stake in National Bank of Oman
Qatari bank will pick up fifteen percent stake for $128 million Banks generally try to keep a majority stake in a rival lender because a minority stake is seen as punitive for capital under Basel III Qatar’s Commercial Bank disclosed on Thursday it has made an offer to buy an...Stake, a Dubai startup backed by Saudi, to expand into kingdom
The company announced on Tuesday it has raised $4 million in a seed funding It has raised 15 million dirham for the venture Stake, a Dubai-based financial technology (fintech) and real estate investment platform backed by Saudi investors, is in talks to expand into Saudi Arabia. Stake, launched in 2020,...
