Ride-hailing company Careem has acquired UAE subscription-based food delivery company Munch:On as it expands food offerings on its multi-services platform. Following the acquisition, Munch:On will stop daily operations and its services will be rebuilt into the Careem app. Founded in 2016 Munch: On connects customers – across 20,000 companies – to meals at a discount by tapping […]
Banking & Finance
Deal & transactions
Other
Meysan Partners: Jadwa Investment acquires into Dabdoob Holdings
Jadwa Investment (“Jadwa”), an investment management and advisory firm in the Middle East with SAR 66.4 billion in client assets under management and advisement., enters into its first regional venture capital investment through Jadwa E-Commerce Opportunities
Sama Educational Company, the education management company based out of Kuwait, has completed the acquisition of Kuwait English School (KES). Established in 1978, the Kuwait English School caters for students aged 3-19 including children with special
Deal & transactions
Egypt
Saudi Arabia
TMT
Egypt’s Benya enters into a cooperation agreement With Saudi’s Alfanar
Benya Group, the digital solutions and ICT infrastructure provider in Egypt and MEA region signed a cooperation agreement with alfanar company, specialists in the electrical and construction industries in the Middle East and
Banking & Finance
Deal & transactions
Egypt
Saudi Arabia
Baker McKenzie: EFG Hermes and valU in two transactions in
Baker McKenzie has advised EFG Hermes and its buy-now-pay-later (BNPL) fintech platform, valU for consumer finance (valU), on two planned strategic ttransactions. The first of which is the acquisition by valU of a stake
Deal & transactions
Insurance
United Arab Emirates
Daman and Emirates NBD launch new ‘Early Payment Scheme’
Emirates NBD, a banking group in the Middle East, North Africa and Turkey (MENAT) region and the National Health Insurance Company – Daman, have launched a new financing initiative providing an ‘Early Payment Scheme’ to Daman’
Deal & transactions
Transport
United Arab Emirates
EQT Private Equity and Mubadala to acquire Envirotainer
The EQT X fund and Mubadala Investment Company, have entered into an agreement to acquire Envirotainer, the global provider of mission-critical, proprietary temperature-controlled supply chain solutions for the transportation of biopharmaceuticals, from Cinven and Novo
Egyptian Belgian Co. for Industrial Investments (“Egybelg”) has sold some of its assets to Savola Foods Limited, a subsidiary of the Saudi-listed Savola Group, a strategic investment holding company with focus on the food and
Banking & Finance
Deal & transactions
Egypt
United Arab Emirates
FAB Egypt and Bank Audi Egypt finalize merger creating FABMISR
First Abu Dhabi Bank – FAB Egypt has completed the legal merger of Bank Audi Egypt, where all the bank’s assets in Egypt will accordingly operate under FAB’s newly introduced brand identity “
Deal & transactions
United Arab Emirates
AIQ partner with Hub71 to advance digital technology in the
AI Joint Venture of ADNOC & G42, AIQ has entered into a partnership with Hub71, Abu Dhabi’s global tech ecosystem. Under the agreement, Hub71 and AIQ will work together to advance the development of
