Browsing: strategic investment

In this potential arrangement, the state-controlled ADPorts Group would invest in an entity to be formed by the Turkey Wealth Fund to manage the Izmir port on the Aegean coast, according to two sources. The specifics of the deal are yet to be finalized.

EDGE Group, a prominent advanced technology and defence conglomerate based in the UAE, has declared the purchase of a 50 percent stake in Flaris, an innovative Polish aviation firm specializing in cutting-edge personal jet development. Both entities will establish a collaborative venture, providing EDGE with the opportunity to advance Flaris’ jet portfolio. This collaboration will leverage their combined expertise to enhance the aircraft’s features and operational capabilities.

ADMO Lifestyle Holding (ADMO), a partnership between Alpha Dhabi Holding and Monterock International Limited, has announced its plans to acquire a stake in the renowned Lebanese gourmet dining venue, Em Sherif, subject to regulatory approvals.

SHUAA Capital, Dubai Financial Market (DFM) listed, leading investment banking platform, has successfully acquired a…