Acquisition & M&A

Singapore's Ascentium acquires UAE corporate services provider Clara

Singapore-based business services platform Ascentium has acquired Clara, a UAE-based regtech and corporate service provider, in a deal that expands Ascentium's presence across the Middle East's regulated financial hubs. Founded in 2018, Clara operates as the largest licensed corporate service provider in Abu Dhabi Global Market, serving startups, venture capitalists, and government entities through its proprietary compliance platform.

Jordan's Alefredo Acquires UK Tutoring Platform for $600K

Amman-based edtech startup Alefredo has acquired a UK-based online tutoring platform for $600,000, marking a strategic expansion into the European education market.

MIS cashes out xAI stake for $4.24M

Saudi listed MIS sells its entire stake in Elon Musk’s xAI for $4.24 million, booking a gain and strengthening liquidity, according to a Tadawul filing.

Saudi Arabia’s noon, Jahez merge to take on rising competition from Keeta and HungerStation

Saudi Arabia’s noon and Jahez have agreed to merge their delivery platforms, integrating food and quick commerce services. The deal, disclosed on the Saudi Exchange, intensifies competition with HungerStation, Careem, Mrsool, and China’s Meituan-backed Keeta in the Kingdom’s $20 billion delivery market.

Aayan backs Kuwait’s Dawi in move toward digital healthcare growth

Aayan Leasing and Investment acquires a strategic stake in Dawi, Kuwait’s leading digital healthcare app, marking its expansion into the healthtech sector.

Qashio strengthens GCC presence with purchase of Saudi firm Sanad Cash

UAE-based fintech Qashio has acquired Saudi platform Sanad Cash to accelerate its expansion in the Kingdom’s fast-growing cashless economy under Vision 2030.

Paribu steps into the Gulf with $240M CoinMENA takeover

Paribu acquires a majority stake in CoinMENA at a $240M valuation, expanding its regulated crypto presence across Bahrain and Dubai in one of Türkiye’s largest fintech deals.

EA deal marks Riyadh's boldest step in gaming and global entertaintment