Date: January 1, 2025 Devsinc, one of Pakistan’s largest IT companies and a growing global force in technology innovation has announced a 100% acquisition of Alchemative Group, a leader in eCommerce and digital retail solutions. This acquisition marks a strategic step in Devsinc’s mission to deliver transformative technology solutions, strengthening its footprint across key markets, including Pakistan, […]
Dubai, December 9, 2024 – Crypto.com has today announced a further acceleration of its plan to offer traditional financial services products with the acquisition of Orion Principals Limited, regulated by the Abu Dhabi Global Market (ADGM). Orion is an Abu Dhabi-based brokerage company and is licensed by ADGM to provide investment and ancillary services in relation […]
The collaboration aims to bring about a revolution in the way digital payments are conducted in the country. KUWAIT CITY: National Bank of Kuwait (NBK) announced that it has acquired a majority stake of 51% in Kuwait-based Payment Services Provider, and e-commerce enablement platform, UPayments. This acquisition represents a significant step forward in the digital […]
Aliph Capital (“Aliph”), an ADGM-based private equity manager, announces the acquisition of a 25% stake in SANIPEX GROUP (“the Company”), the leading homegrown lifestyle product supplier. The investment follows Aliph’s investment in the UAE’s pet retail sector, aligning with its strategy of deploying capital in high-quality, market-leading GCC companies. SANIPEX GROUP provides high-quality bathroom, kitchen, […]
Dubai, UAE – October 2024 – In a landmark move for the sustainable fashion industry, Best Kept Shared, Dubai’s leading designer lending, rental, and resale platform, has announced its acquisition of BAZAARA, the region’s largest peer-to-peer fashion resale platform. This strategic acquisition brings together two of the UAE’s most prominent platforms, combining forces to offer […]
KARACHI, September 2024 — Pakistan Telecommunication Company Limited (PTCL) and the International Finance Corporation (IFC)-led consortium celebrated a landmark financing agreement to facilitate PTCL’s acquisition of Telenor Pakistan and Orion Towers (Private) Limited. The acquisition, valued at Rs 108 billion, is subject to regulatory approvals and marks a pivotal moment in Pakistan’s telecom sector. PTCL […]
Kuwait City, Kuwait – Sakan, a leading Kuwaiti real estate technology company, has announced its strategic acquisition of Hapondo, a prominent Qatari real estate marketing platform. This move marks a significant step in Sakan’s expansion strategy as it enters the Qatari real estate market, further solidifying its presence in the Gulf Cooperation Council (GCC) region. […]
Dubai, UAE – Al Ansari Financial Services PJSC (“AAFS” or the “Company”) (DFM: ALANSARI), a leading integrated financial services group in the UAE, has signed a Sales and Purchase Agreement (“SPA”) to acquire 100% of BFC Group Holdings W.L.L. (“BFCGH”), a prominent foreign exchange and remittance group based in Bahrain. The acquisition, valued at USD […]