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…...
Private Equity Gains Stability, but Full Recovery Remains Out of Reach: 2024 Mid-Year Report
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…...