Mergers and Acquisitions News in Saudi Arabia

Energy Capital Group's ECG2.0-Fund2 Acquires Dar Al Balad Contracting (DAB)
3/12/2025 - Energy Capital Group (ECG) has announced the successful acquisition of Dar Al Balad Contracting (DAB) through its investment vehicle, ECG2.0-Fund2. This acquisition marks a significant milestone in EC...
Aramco to Acquire 25% Stake in Philippines' Unioil
2/19/2025 - Aramco, one of the world’s leading integrated energy and chemicals companies, today signed definitive agreements to acquire a 25% equity stake in Unioil Petroleum Philippines, one of the largest petro...
Weir and Olayan Saudi Holding Company announce joint venture
1/16/2025 - The Weir Group PLC and Olayan Saudi Holding Company are pleased to announce they have agreed to form a new joint venture to provide mining technology solutions in Saudi Arabia. This new partnership, o...
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...

Accounting, Statistics Acquisitions and Divestitures Asset Portfolio Management Economics/Financial Analysis General Industrial Development Insurance Investment Mergers and Acquisitions Risk Management
For Buyers
For Suppliers
Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.