Friday 19 September 2014
 
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Americana shareholder reviewing its stake

Kuwait Food (Americana) asked for its shares to be suspended on the Kuwaiti bourse on Wednesday after its main shareholder said it was reviewing its portfolio, including its stake in the firm. Americana said Al Khair National for

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Arabtec unaware of stake sale by ex-CEO

Dubai contractor Arabtec Holding said on Tuesday it was unaware of any stake sale agreement between its largest shareholders following reports that the company's former chief executive was about to sell at least part of his stake.

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Arabtec ex-CEO agrees to sell stake to Aabar

Arabtec's former chief executive Hasan Ismaik has agreed in principle to sell at least part of his stake in the Dubai-based construction firm to Abu Dhabi state fund Aabar Investments, a source close to Ismaik said on Monday.

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Savola to sell stake in Jeddah property project

Savola Group said it will sell its entire stake in a real estate project in Jeddah, Saudi Arabia, for SR593.5 million ($158.3 million) to an affiliate. The company, a producer of cooking oil, sugar and other foodstuffs, will sell

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Savola to sell stake in Jeddah property project

Savola Group said it will sell its entire stake in a real estate project in Jeddah, Saudi Arabia, for SR593.5 million ($158.3 million) to an affiliate. The company, a producer of cooking oil, sugar and other foodstuffs, will sell

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Probe into Etihad's stake in Air Berlin still on

There have not yet been any decisions regarding a probe into Etihad's stake in airline Air Berlin and whether it complies with European Commission rules, a spokesman for the German transport ministry said on Friday. "The

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DP World unit takes majority stake in Spain's Repasa

P&O Maritime, a subsidiary of Dubai's DP World, one of the world's largest port operators, has bought a majority stake in Spain's Remolcadores de Puerto y Altura (Repasa), the acquirer said in a statement. The deal

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Ithmar Capital sells Al Noor Hospitals stake

Dubai private equity firm Ithmar Capital has sold a 7.3 per cent stake in Al Noor Hospitals for £10.30 per share, two sources familiar with the matter said on Thursday, in a deal worth £87.55 million ($142 million). It

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ICD buys $300m stake in Nigerian cement firm

Investment Corp of Dubai (ICD), the emirate's sovereign wealth fund, said it has reached an agreement to purchase a minority stake in Nigeria’s largest cement manufacturer Dangote Cement. Dangote Cement, which is listed

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ICD buys $300m stake in Nigerian cement firm

Investment Corp of Dubai (ICD), the emirate's sovereign wealth fund, said it has reached an agreement to purchase a minority stake in Nigeria’s largest cement manufacturer Dangote Cement. Dangote Cement, which is listed

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