Abu Dhabi-based developer, Aldar Properties, via its Aldar Investment business, has expanded its hospitality and leisure investment portfolio in the UAE with the acquisition of the beachfront resort DoubleTree by Hilton Resort & Spa Marjan Island in Ras Al Khaimah, as well as an adjacent beachfront development plot for AED810 million (USD220.5 million) from Mohamed […]
Deal & transactions
Healthcare, Pharma & Life Sciences
Other
Pharmaceutical Institute (PHI) completes acquisition by Kelix Bio
KELIX bio, a pan-African biopharmaceutical platform, has entered into a binding agreement to acquire Moroccan Pharmaceutical Institute (“PHI”). This investment marks KELIX bio’s first entry into Morocco – an important market in the company’
Deal & transactions
Food & Beverage
Other
Mirova acquires stakes in Morocco’s Atlas Fruit Company. The advisors
Mirova, an affiliate of Natixis Investment Managers, and manager of the Land Degradation Neutrality (LDN) impact fund, has completed the acquisition of a majority stake in Atlas Fruits Company. The Land Degradation Neutrality (LDN) Fund,
Deal & transactions
Food & Beverage
Saudi Arabia
Tanmiah Food Company and Tyson Foods sign strategic partnership
US-based Tyson Foods and Saudi-based Tanmiah Food Company (“Tanmiah”) have entered into a strategic partnership agreement to accelerate growth in agrifood and poultry production capacity and to meet growing global protein demand. The parties to
Deal & transactions
Egypt
Food & Beverage
Agthia Group enhances Egyptian portfolio with the acquisition of Auf Group
Agthia Group, a major player in the food and beverage sector in MENA, is to enter into a strategic acquisition of 60% of Auf Group, an Egyptian healthy snacks and coffee company operating under the Abu
Deal & transactions
Egypt
Energy & Trading
Infinity Group and Africa Finance Corporation acquire Lekela Power
Infinity, a renewable energy company based in Egypt, and Africa Finance Corporation (“AFC,”), infrastructure solutions provider, are to acquire Lekela Power from Actis and Mainstream Renewable Power, in a deal that will make Infinity the
Deal & transactions
Industrial
Other
Med Investment partners with Jotun for the production of paint in Algeria
Med Investment Holding, an investment company owned by the Kerrar family, has concluded a partnership agreement with the Norwegian group Jotun for the production of paint and coatings in Algeria. Production will be provided
Deal & transactions
Healthcare, Pharma & Life Sciences
Other
Bayan Dental acquires majority stake in Sky Dental. The advisors
Meysan Partners advised Al Bayan Medical Company (“Bayan Dental”) in connection with its acquisition of a majority stake in Sky for the Management of Specialized Medical Centers (“Sky Dental”), a Kuwaiti dental clinic owned
Banking & Finance
Deal & transactions
United Arab Emirates
Norton Rose Fulbright advises OKX on entering Dubai virtual assets market
Global law firm Norton Rose Fulbright‘s Dubai office has advised cryptocurrency exchange OKX on its entry into the UAE market. OKX has successfully signed a memorandum of understanding (MOU) with, and obtained a provisional
Deal & transactions
Transport
United Arab Emirates
Emirates and Air Canada enter into a strategic partnership agreement
Emirates has formed a strategic partnership with Air Canada, Canada’s flag carrier and a founding member of Star Alliance. The agreement will create more options for customers when travelling on the carriers’ networks while
