Corporate news and announcements from the stock markets of Middle East and North Africa.
DUBAI, UNITED ARAB EMIRATES: Majid Al Futtaim, the leading shopping malls, communities, retail and leisure pioneer across the Middle East, Africa, and Central Asia, announced on Friday that Ahmed Galal Ismail has been appointed Chief Executive Officer of Majid Al Futtaim Holding….
ABU DHABI, UAE: Alpha Dhabi Holding and Mubadala Investment Company announced the formation of a joint venture to co-invest in global credit opportunities. Alpha Dhabi and Mubadala aim to collectively deploy up to AED 9 billion (approximately US $2.5 billion)…
MANAMA, BAHRAIN: GFH Financial Group has completed the acquisition of a majority stake in Big Sky Asset Management, a US-based real estate asset manager focused on the attractive and defensive healthcare segment. This transaction further expands GFH’s presence in the…
DUBAI, UAE: Islamic Arab Insurance Company, listed as “SALAMA“, will acquire the insurance portfolio of Dubai Islamic Insurance and Reinsurance Company (AMAN) which includes its motor, medical, non-motor and group life insurance business. The transaction is subject to customary regulatory…
ABU DHABI, UAE: AD Ports Group (ADX: ADPORTS) has signed a shareholder agreement with KMTF (Kazmortransflot), a fully-owned offshore logistics and services subsidiary of the Kazakh National Oil Company (KazMunayGas), to launch an exclusive joint venture, 51 percent owned by…
MANAMA, BAHRAIN: Sustainability Forum Middle East announced Infracorp as “Lead Partner – Sustainable Infrastructure” for its upcoming inaugural edition focusing on “Business Transition to Net-Zero – the Path Towards a Successful Low-Carbon Future”. The partnership was launched at a signing…
JEDDAH, SAUDI ARABIA: The Saudi Arabian Oil Company (Aramco) and TotalEnergies have taken the final investment decision for the construction of a world scale petrochemical facility in Saudi Arabia. The project alone represents an investment of around $11 billion, of…
DUBAI, UAE: Sukoon Insurance has launched ‘Health Extend’ – a unique product in the UAE that allows employers to limit their budget while giving employees the freedom to add specific covers according to their own needs. By launching Health Extend,…
ABU DHABI, UAE: Alpha Dhabi Holding, one of the fastestgrowing investment holding companies in the UAE listed on the Abu Dhabi Securities Exchange (ADX: Alphadhabi), announces that it has acquired an interest in Nammos Group as a result of its…
ABU DHABI, UAE: AD Ports Group (ADX: ADPORTS) announced the merger of KEZAD Communities with Al Eskan Al Jamae LLC (EAJ) to create Abu Dhabi’s largest integrated staff accommodation company in which AD Ports Group will retain a controlling majority…
MANAMA, BAHRAIN: Gulf International Bank (GIB) announced its participation in the R.A.C.E Sustainability Summit where it joined the latest signatories of the Abu Dhabi Sustainable Finance Declaration during the first edition of Abu Dhabi Finance Week (ADFW) hosted by Abu…
DUBAI, UNITED ARAB EMIRATES: Sukoon has finalized the acquisition of the UAE Life insurance portfolio from Assicurazioni Generali S.p.A. The agreement, signed on February 22nd, 2022, is in line with Generali’s overall strategy to rationalize its business model in UAE…