Saudi Arabia's Sahara Petrochemical and Saudi International Petrochemical Company (Sipchem) hope to complete a share-swap merger in the first half of 2014 that would create a firm valued around $5 billion.
The duo said in bour
BP and Russia's state-controlled Rosneft agreed to a share swap under which they plan to jointly explore for offshore oil and gas in a deal that gives the UK company access to areas of the Arctic previously reserved for Russian oil companies.
Swicorp, a leading corporate finance advisory, is acting as exclusive financialadvisor to Savola on the conditional SR298 million ($79.5 million) share swap between the Savola Group and the Alhokair Group.
The share swap will enable Sa
Shareholders in Golden Pyramids Plaza, owner of the City-Stars mega-mall in Cairo, have rejected a share swap with South Valley Cement, putting an end to their planned merger, Golden Pyramids said on Sunday.
"Most shareholders have no desi
Kuwait's Mobile Telecommunications Company (Zain) has bought a 56.3 per cent stake in Palestine Telecommunication Company (Paltel) in a share swap that gives it majority control, according to company board members.
The mobile oper
Saudi Arabia's Almarai Company, the Gulf's largest dairy company, and Hail Agricultural Development (Hadco) said on Saturday they had agreed on a share swap deal.
Hadco shareholders will receive one share in Almarai in exchange for five sh
Bahrain-based Ithmaar Bank said it plans to boost its stake in the Bank of Bahrain and Kuwait (BBK) by swapping the new BBK shares with its Shamil Bank, effectively merging the two lenders.
Ithmaar Bank currently owns 25.4 per cent of BBK