Thursday 15 November 2018
 
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Subsidiary

Gulf Capital sells 74pc stake of PET subsidiary

Gulf Capital, one of the largest and most active alternative asset managers in the Middle East, said that its portfolio company, Middle East Glass (MEG), successfully sold a 74 per cent stake in its PET subsidiary, Medco Plast for Packing and Wr

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Raytheon forms new subsidiary in UAE

Raytheon Company marked its 30-year anniversary of partnership with the UAE by announcing the formation of Raytheon Emirates, a new, wholly owned subsidiary incorporated and headquartered in Abu Dhabi. Raytheon Company is a techno

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Air France unveils trendy new airline

Air France has unveiled a new subsidiary airline named Joon that will specifically target "the young working clientele, the millennials (18 to 35 year-olds), whose lifestyles revolve around digital technology." The new a

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Airbus launches interior services subsidiary

Airbus has launched a new interiors services subsidiary, built on the engineering know-how, experiences of the former Airbus Corporate Jet Centre (ACJC). Based in Toulouse, France, AIS is part of Services by Airbus, and is now ded

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Daikin announces launch of Egyptian subsidiary

Belgium-based Daikin Europe, a wholly-owned subsidiary of Daikin Industries, has partnered with BPE Partners, a leading Egyptian private equity firm, to establish Daikin Air Conditioning Egypt. The subsidiary is headquartered in C

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Al Khat Packaging begins construction of Abu Dhabi unit

Al Khat Packaging, a top producer of printing and packaging materials in Kuwait, has started construction of its subsidiary plant at Khalifa Industrial Zone (Kizad) in Abu Dhabi, UAE. The Dh80-million ($27-million) subsidiary &lsq

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Al Khat Packaging begins construction of Abu Dhabi unit

Al Khat Packaging, a top producer of printing and packaging materials in Kuwait, has started construction of its subsidiary plant at Khalifa Industrial Zone (Kizad) in Abu Dhabi, UAE. The Dh80-million ($27-million) subsidiary &lsq

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KBBO hires banks for subsidiary London listing

UAE's investment company KBBO Group has hired Goldman Sachs and Morgan Stanley among others for an expected $1 billion-plus London listing for one its subsidiaries, sources close to the matter told Reuters. Privately-owned KBB

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RAK Ceramics fully acquires Iranian subsidiary

RAK Ceramics, a global hi-tech manufacturer of lifestyle ceramics solutions, has acquired the 20 per cent minority share of RAK Iran, thus making the latter its wholly owned subsidiary. Financed by the World Bank, RAK Ceramics set

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RAK Ceramics fully acquires Iranian subsidiary

RAK Ceramics, a global hi-tech manufacturer of lifestyle ceramics solutions, has acquired the 20 per cent minority share of RAK Iran, thus making the latter its wholly owned subsidiary. Financed by the World Bank, RAK Ceramics set

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