Monday, May 11, 2026
MEDIA SPONSORS
Facebook Instagram Twitter LinkedIn YouTube

Tag: Stake

Construction & Real Estate

Retal eyes $151m capital hike for Ajdan stake acquisition

Saudi-based Retal Urban Development Company has announced plans to raise its capital to SAR555 million ($151 million) from SAR500 million ($136 million) in a bid to facilitate its planned acquisition of a stake in Ajdan Real Estate Development Company from AlFozan Holding....

Construction & Real Estate

Sisco unit acquires Dubai smart cold-chain company Transcorp

Sustainable Infrastructure Holding Company (Sisco) said one of its portfolio companies, Green Dome Investments (GDI), has acquired 100% stake in Transcorp International, a leading provider of smart cold-chain logistics solutions, based in Dubai. ...

Construction & Real Estate

Saudi ministry takes 86% stake in Binladin Group after debt settlement

Saudi finance ministry has acquired an 86% stake in Saudi Binladin Group Holding after the company’s AGM approved a capital hike through conversion of outstanding debt into shares. Under the restructuring, the group’s liabilities are estimated at SAR23.3 billion ($6.2 billion). ...

Construction & Real Estate

JLL inks deal to acquire strategic stake in Saudi PIF company

Global real estate expert Jones Lang LaSalle (JLL) has announced that it has reached an agreement with Saudi Arabia's sovereign wealth fund PIF to acquire a significant stake in its company - Saudi Facility Management Company (FMTECH). ...

Construction & Real Estate

Saudi PIF announces sale of strategic stake in Masar

Saudi sovereign wealth fund PIF said it has sold out a part of its stake in Umm Al Qura for Development and Construction Company (Masar), through an accelerated bookbuild offering. It comprises 48 million shares, representing 3.3% of Masar’s share capital. ...