M&A Brief of the Week

Uber

Uber Technologies has announced the completion of its acquisition of Dubai-based transportation network company Careem for $3.1 billion.

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Burgan Bank

Burgan Bank has sold its full stake in Bank of Baghdad, representing 51.8%, to its sister company, United Gulf Holding company.

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Kamco Investment Company

Kamco Investment Company launched its new identity “Kamco Invest” after completing the legal, operational, and integration merger with Global Investment House (Global).

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Boubyan Bank

Boubyan Bank has obtained the approval of the UK's Prudential Regulation Authority to acquire Bank of London and The Middle East Holdings (BLME Holdings).

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Saudi Vitrified Clay Pipes Company

Saudi Vitrified Clay Pipes Company announced that it has signed a non-binding memorandum of understanding with the owners of Advanced Piping Solutions to acquire a 75% stake in the company.

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Jazan Energy and Development Company

Jazan Energy and Development Company announced that its board of directors has decided not to extend the memorandum of understanding to fully acquire Bakri International Energy Company.

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Decypha Contribution Time: 09-Jan-2020 11:21 (GMT)
Decypha Last Update Time: 09-Jan-2020 11:21 (GMT)