In a significant move, ADQ-backed Silal has acquired a majority stake in Al Bakrawe Holding, one of the UAE's leading distributors of fresh fruits and vegetables. This acquisition further enhances Silal’s position as a major player in the UAE’s food supply chain. Al Bakrawe, founded in 2002, sources from over…...
Is Diversity in Middle East Construction So Difficult?
After two turbulent years, the global private equity (PE) sector has found some stability, as highlighted by Bain & Company’s 2024 Private Equity Midyear Report. While the worst may be over, the path to a full recovery remains fraught with challenges. The report emphasizes that the sector's activity continues to…...
M&A Advisors Facilitate Mega Deal Between Off-Price Retailer and Global Giant TJX
In a significant development within the retail sector, leading M&A advisors have successfully advised the off-price retailer, Brands for Less, in its strategic partnership with TJX, a global leader in off-price apparel and home fashion retail. The landmark deal is expected to create far-reaching opportunities for growth, further positioning Brands…...
Saudi Healthcare Giant Tibbiyah Acquires Al Hammad Medical Services in $9 Million Deal
Tibbiyah, a prominent healthcare company in Saudi Arabia, has expanded its footprint in the sector through the acquisition of Al Hammad Medical Services. This deal, valued at SAR 35 million ($9 million), represents a key milestone for Tibbiyah as it strengthens its portfolio and enhances its position within the Kingdom’s…...
Bahrain to Impose 15% Minimum Tax on Large Multinational Enterprises Starting January 2025
Bahrain is set to introduce a significant tax reform aimed at multinational enterprises (MNEs), with the government implementing a domestic minimum top-up tax of 15% on large corporations beginning January 1, 2025. This new tax regulation will apply to multinational companies with global revenues exceeding $828.23 million (EUR750 million), as…...