Saturday 24 February 2018
 
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Saudi firm eyes stake in Accor property unit

Saudi Arabia's Public Investment Fund (PIF) is in talks with international hotel operator Accor to acquire a 15 per cent stake of its property business, said a report. The potential transaction could value to SR28.66 billion (

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Saudi fund nears deal to buy key stake in Acwa Power

Saudi Arabia’s sovereign wealth fund is nearing an agreement to buy about a 10 per cent stake in Acwa Power International ahead of an initial public offering by the Riyadh-based energy producer, said a report. The Public Inv

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Saudi fund nears deal to buy key stake in Acwa Power

Saudi Arabia’s sovereign wealth fund is nearing an agreement to buy about a 10 per cent stake in Acwa Power International ahead of an initial public offering by the Riyadh-based energy producer, said a report. The Public Inv

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Sabic acquires 24.9pc stake in Clariant

Saudi Basic Industries Corporation (Sabic), a leading petrochemicals company, has agreed to acquire approximately 83 million shares in Switzerland-based Clariant, a global specialty chemicals company, from 40 North and Corvex Management.

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Sabic acquires 24.9pc stake in Clariant

Saudi Basic Industries Corporation (Sabic), a leading petrochemicals company, has agreed to acquire approximately 83 million shares in Switzerland-based Clariant, a global specialty chemicals company, from 40 North and Corvex Management.

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Dubai Investments acquires entire stake in Emicool

Dubai Investments, a leading, diversified investment company listed on the Dubai Financial Market (DFM), has acquired additional 50 per cent stake in Emirates District Cooling (Emicool) from Union Properties for Dh500 million ($136 million).

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Saudi Binladin investors may sell key stakes to government

Leading construction giant Saudi Binladin Group (SBG) has asserted that it remains a private sector company owned by its shareholders amid reports that some of them may transfer their shares to the government as part of a financial settlement

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Union Properties buys key stake in Egyptian developer

Union Properties, a leading real estate developer in the UAE, said one of its units has acquired a strategic 5.68 per cent stake in top Egyptian real estate developer Palm Hills Developments as part of its regional expansion plan.

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Union Properties to sell full stake in Emicool

Union Properties, one of the leading real estate developers in the UAE, announced that it is in its final stage of selling its entire stake in Emirates District Cooling (Emicool), a leading district cooling service provider in the region.

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Oman mineral water company in key stake sale

Oman-based National Mineral Water Company said it has reached an agreement with Horizon Technologies to sell its entire 53.5 per cent stake in the company to Sabco Group, a leading family-owned business house comprising multi-faceted direct and

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