Mergers and Acquisitions News in Saudi Arabia

Aramco Plans Transition Minerals JV with Ma'aden
1/15/2025 - Aramco, one of the world's leading integrated energy and chemicals companies, and Ma'aden, the largest multi-commodity mining and metals company in the Middle East and North Africa region, today annou...
PIF Completes its Acquisition of 15% Stake in Heathrow Airport
12/12/2024 - PIF today announced that it has completed the acquisition of a stake of approximately 15% in FGP TopCo, the holding company of Heathrow Airport Holdings Ltd., from Ferrovial SE and certain other FGP T...
Aramco Completes Acquisition of 10% Stake in Horse Powertrain Limited
12/1/2024 - Aramco, one of the world’s leading integrated energy and chemicals companies, through a directly and wholly owned subsidiary, Aramco Asia Singapore Pte. Ltd., has completed the purchase of a 10% equit...
Wafi Energy Becomes the Majority Shareholder of Shell Pakistan Limited
10/31/2024 - Wafi Energy, an established Saudi company and affiliate of the Asyad Group, now holds approximately 87.78% of the total issued share capital of SPL. The Shell brand will remain in Pakistan through ret...
CEVA Logistics, Almajdouie Logistics Finalize Creation of JV in Saudi Arabia
10/14/2024 - CEVA Logistics, a global leader in third-party logistics, and Almajdouie Logistics, a leading end-to-end logistics solutions provider in the Middle East, signed the final agreement yesterday to create...
SARCO Extends Deal to Acquire German Saudi Industrial Stake
10/13/2024 - In reference to the announcement by Saudi Arabian Refineries Company – SARCO (the “Company”) published on Saudi Tadawul’s website on 01/01/1446H (corresponding to 07/07/2024G) regarding the signing of...
SABIC announces agreement with Ma'aden for the sale of Alba
9/18/2024 - SABIC announces the signing of an agreement with Saudi Arabian Mining Company (Ma'aden) for the sale of its 20.62% shareholding in Aluminum Bahrain (Alba). The sales proceeds are expected to be within...
GE Vernova acquires Dussur’s shares in General Electric Saudi Advanced Turbines (GESAT)
9/2/2024 - The Saudi Arabian Industrial Investments Company (“Dussur”) successfully divested its 55% ownership stake in General Electric Saudi Advanced Turbines (“GESAT”) to GE Vernova Inc. (NYSE: GEV), bringing...
Aramco to Become Majority Shareholder in Petro Rabigh
8/6/2024 - Aramco, one of the world’s leading integrated energy and chemicals companies, has signed a definitive agreement to acquire an additional stake of approximately 22.5% in Rabigh Refining and Petrochemic...
Aramco to acquire 10% equity interest in HORSE Powertrain Limited
6/28/2024 - Aramco, one of the world’s leading integrated energy and chemicals companies, through a wholly owned subsidiary has signed definitive agreements to acquire a 10% equity interest in HORSE Powertrain Li...
Vale announces completion of strategic partnership agreement with Manara Minerals
4/30/2024 - Following approval from the relevant regulatory authorities, Vale S.A. ("Vale" or "Company") is pleased to announce the completion of its approximately US$2.5 billion sale to Manara Minerals, a joint ...
Aramco Completes Acquisition of Esmax
3/1/2024 - Aramco, one of the world’s leading integrated energy and chemicals companies, has successfully completed the acquisition of a 100% equity stake in Esmax Distribución SpA (“Esmax”), a leading diversifi...
PIF Invests in Zamil Offshore
2/19/2024 - The Public Investment Fund (PIF) has announced the completion of its investment in Zamil Offshore Services Company (Zamil Offshore), one of the largest Saudi-based offshore support vessel operators an...
BENTELER is About to Secure a Multi-million Investment for Autonomous HOLON Mover
2/7/2024 - The BENTELER Group is about to secure a multi-million-dollar investment to expand its autonomous mover business: TASARU Mobility Investments, a Saudi Arabian investment company specializing in automot...
Saudi Tadawul Group Acquires a Strategic Stake in DME Creating Gulf Mercantile Exchange
1/18/2024 - Saudi Tadawul Group Holding Company (STG), a leading diversified capital markets group in the MENA region, has entered into a binding agreement with existing shareholders of DME Holdings Limited to ac...
Aramco to Acquire a 40% Stake in Gas & Oil Pakistan
12/12/2023 - Aramco, one of the world's leading integrated energy and chemicals companies, today signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd. ("GO").

GO, a diversi...
CGG Sells its Stake in ARGAS to TAQA
11/21/2023 - CGG announced today that it has entered into a definitive agreement with Industrialization and Energy Services Company ("TAQA") to sell its entire 49% stake in Arabian Geophysical and Surveying Compan...
Saudi PIF to Invest in Alkhorayef Petroleum
11/13/2023 -  The Public Investment Fund (PIF) announced today the signing of a share subscription agreement (the agreement) to invest in Alkhorayef Petroleum (the company), from Alkhorayef Group, by way of a capi...
NEOM and DSV Establish USD 10B Logistics Joint Venture
10/24/2023 - NEOM and DSV announce a USD 10 billion exclusive logistics joint venture to support the development of the ambitious projects taking shape in NEOM, Saudi Arabia. The partnership will focus on providin...
TAQA announced the divestiture of its stake in Air Liquide Arabia ("ALAR")
10/9/2023 - The Industrialization and Energy Services Company ("TAQA") announced today the completion of the sale of its stake in Air Liquide Arabia Limited Company ("ALAR"), with proceeds exceeding SAR 600 milli...

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