UAE awards completion of much-delayed Abu Dhabi international airport Midfield Terminal Building construction to Trojan

Abu Dhabi’s state-owned airport operator has awarded Trojan Holding the construction of Abu Dhabi international airport Midfield Terminal Building after it cancelled the project first granted to a consortium including Turkish airport operator TAV Inşaat. UAE-based Arabtec, TAV Insaat and Read more

UAE-based Julphar relinquishes controlling stakes in Saudi-Arabia-headquartered Alpha Pharma

Gulf Pharmaceutical Industries Manufacturers, Julphar, based in the UAE, has announced it sold its 51 per cent stake in Alpha Pharma, a pharmaceutical manufacturing plant in Saudi Arabia, Zawya reports. The company announced the transaction to be completed in the Read more

Abu Dhabi-based Olive Rock Partners secures stakes in UEMedical

Olive Rock Partners, an independent private equity firm based in the Emirati capital of Abu Dhabi, has announced an unspecified investment in healthcare company UEMedical, reports say. The investment described by the firm as a “landmark deal” includes an affiliate Read more

Abu Dhabi-headquartered ADCB receives offer of $41.4m to relinquish control of Egypt-based Alexandria Medical Services Company

Abu Dhabi-based commercial bank, ADCB, has received an offer to sell its majority stakes in Alexandria Medical Services Company, a public shareholding company engaged in the provision of medical diagnostic and treatment services in various medical fields, headquartered in Egypt. Read more

Abu Dhabi state investor Mubadala injects $497 million in UK-based IVC Evidensia

Abu Dhabi’s Mubadala Investment Company, one of the investment fund of the UAE, announced Sunday it has invested $497 million into UK-headquartered IVC Evidensia, Europe’s largest veterinary care provider. The sovereign fund in a statement indicated that the investment aligns Read more

Abu Dhabi–based Agthia Group acquires majority stakes in Egyptian meat producer

The Board of Directors of Abu Dhabi-based Agthia Group, a company operating in food and beverages, has approved the acquisition of majority stakes in Ismailia Investments, an Egyptian producer of frozen processed chicken and beef products, Zawya reports. The board Read more

Abu-Dhabi’s ADQ acquires Egypt-based Amoun Pharmaceutical Co. from Bausch Health Cos.

Abu Dhabi’s third investment fund, ADQ, has acquired for $740 million Egypt-based Amoun Pharmaceutical Co. controlled by Canada-based Bausch Health Companies Inc. Bausch Health Companies Inc. in a statement Wednesday said it reached a deal with ADQ to relinquish its Read more