Gate Capital News Letter | Issue 743

IHC, a global investment company focused on building dynamic value networks, today announced that it has received all requisite regulatory approvals to acquire approximately 41.5% stake in Sammaan Capital Limited on a fully diluted basis, for a total transaction value of approximately $1 billion (INR 8,850 crore).

The transaction is being executed in multiple stages, with approximately 26.9% stake acquired to date and the balance to be acquired through share warrants.

OMNIYAT continues to advance project delivery across its portfolio, supported by a fully funded $11.7 billion development pipeline currently under construction and progressing in line with schedule.

This disciplined execution is underpinned by a strong financial position, a strategically positioned land bank, and sustained confidence in the UAE’s economic fundamentals.

Emirates NBD has closed $2.25 billion in long-term financing in one of the largest syndicated borrowings in the GCC, completing the transaction despite the ongoing regional conflict.

The financing comprises a $1.75 billion five-year sustainability-linked syndicated term loan (SLL) and a $500 million five-year Club Commodity Murabaha term facility.

Launched initially at $1 billion, the SLL was more than twice oversubscribed, allowing the bank to raise the size to $1.75 billion, a statement said without disclosing the pricing.

Qashio has launched a support initiative for small and medium-sized enterprises (SMEs) in partnership with Dubai Chambers, offering more than AED 10 million ($2.7 million) in financial relief and incentives as businesses navigate a period of regional disruption.

Saudi Arabia’s Al Ramz Real Estate and Oud Capital are set to launch a new fund to raise SAR 650 million ( $173.3 million) to finance a residential development in the Kingdom.

Emirates Growth Fund (EGF), the UAE’s flagship growth equity investor, has announced a landmark AED 45 million strategic minority investment in CarniStore, the nation’s leading premium protein business.

Italian energy firm Eni plans to invest $2 billion in Egypt’s energy sector during 2026, the firm’s chief operating officer has revealed. The investment was outlined by Guido Brusco during a meeting with the North African country’s Prime Minister Mostafa Madbouly on the sidelines of the Egypt Energy Show.

WHOOP, a US-based healthcare wearable technology company, has raised $575 million in a Series G funding round with Gulf Cooperation Council investors backing the firm’s plans to expand throughout the region.

Mezza, a new hospitality platform, has officially launched, offering restaurants a unique way to access upfront capital while increasing customer footfall and repeat visits.

Advanced Global Investment Co. (AGIC), fully owned by Advanced Petrochemical Co., signed final agreements with SK Gas Petrochemicals Co., an indirect subsidiary of SK Gas Co. Ltd., to execute a share-swap transaction as part of both parties’ strategic plans.

Blackstone Inc. has invested $250 million in an Abu Dhabi–based payments technology platform, signalling confidence in the region despite heightened geopolitical risks stemming from the Iran war.

Shareholders of SABIC Agri-Nutrients Co. (SABIC AN) approved the merger with National Chemical Fertilizers Co. (Ibn Al-Baytar) and the dissolution of Ibn Al-Baytar upon completion of the transaction.

Ibn Al-Baytar is a Saudi limited liability company wholly owned by SABIC AN. It was established in 1985 with a capital of SAR 494.7 million.

Abu Dhabi Future Energy Company (Masdar) has signed a binding agreement with TotalEnergies to merge their onshore renewable energy portfolios in nine Asian markets into a new 50:50 joint venture.

Kingdom Holding Co. (KHC) signed an agreement to acquire a stake in Breakthrough Energy Ventures (BEV) from Prince Alwaleed bin Talal for SAR 255 million ($68 million).

E Point Zero Holding RSC LTD (ePointZero), a subsidiary of Two Point Zero Group PJSC, has entered into an agreement to acquire a 100% stake in US-based Traverse Midstream Partners, LLC in a deal valued at US$2.25 billion.

XRG, ADNOC’s international investment arm, and OMV Aktiengesellschaft (OMV) today announced the successful formation of Borouge Group International AG, to operate under the brand name “Borouge International”.

estaie, the world’s first AI-native extended-stay platform, announced it has raised a 7-figure pre-seed funding round led by PlusVC and Orbit Ventures, with participation from Falak Angels, Value Makers Studio (VMS), Vasil Zdravkov.

QBurst, a design-led digital engineering organisation, is expanding in the Middle East, led by Shivkumar Subramaniam. They focus on AI, data, and cloud solutions for sectors like real estate and government. QBurst sees agentic AI and unified data platforms as key trends, aligning with government-driven AI adoption and SDAIA’s ethical governance model.