CCP ACHIEVES MAJOR MILESTONES; APPROVES 59 MERGERS, 43 EXEMPTIONS DURING FISCAL YEAR 2019-20

ISLAMABAD: The Competition Commission of Pakistan (CCP), in the fiscal year 2019-20, has processed and granted approval to 59 Merger & Acquisition applications against the annual target of 50, showing the CCP’s promising performance to facilitate the local and foreign investors despite the limitations caused by COVID-19 pandemic. Out of… Continue reading

Saudi Petrochemical Company to merge into Arabian Petrochemical Company

JUBAIL: Saudi Basic Industries Corporation (SABIC) has announced its intention to merge its wholly-owned affiliate Saudi Petrochemical Company (SADAF) in its wholly-owned affiliate Arabian Petrochemical Company (PETROKEMYA). All assets, rights, liabilities and obligations of (SADAF) as the merged company will be transferred to (PETROKEMYA) as the merging company according to… Continue reading

LMIR Trust charts new growth with proposed acquisition of iconic retail mall in West Jakarta

SINGAPORE: LMIRT Management Ltd., the manager of Lippo Malls Indonesia Retail Trust, has announced that it has entered into a conditional sales and purchase agreement with PT Mandiri Cipta Gemilang, a wholly-owned subsidiary of PT Lippo Karawaci Tbk, the sponsor of LMIR Trust, for the proposed acquisition of Lippo Mall… Continue reading

Saudi Arabian Monetary Authority okays merger of Alawwal Bank and Saudi British Bank

RIYADH: The Saudi Arabian Monetary Authority’s has given its ‘no objection’ in respect of the merger of Alawwal Bank and Saudi British Bank, a statement issued to Tadawul said. [the_ad id=”32940″]“Banks will continue to work on satisfying the conditions required to complete the transaction, including obtaining the other relevant regulatory… Continue reading

CCP approves 13 acquisitions across various sectors of economy

ISLAMABAD: The Competition Commission of Pakistan, as a part of its statutory mandate, has recently approved 13 notified acquisitions in various sectors of Pakistan’s economy. All these acquisitions have the potential to bring in Foreign Direct Investment and creating jobs in the country, and are key to realizing Pakistan’s ambition of… Continue reading