Mergers, acquisitions, and exits
Alif Yaa is in advanced talks to buy a controlling stake in Saudi school operator Ajyalna, people familiar told Bloomberg. A value near $500 million was discussed. No decision has been taken. This is not Alef Education.
Replit acquired Atta on 25 September and put interactive charts in its chat. Founders Omar Shaik and Amine Ben Khalifa joined. The price was not disclosed. Replit called Atta San Francisco-based. Regional notes call it Egypt-founded.
Huspy acquired Italian intermediary Integra Finance and said it will invest $86 million in Italy. The purchase price was not disclosed. Integra has more than 160 advisers. Italy is Huspy’s fourth market after the UAE, Spain and Saudi Arabia.
CBUAE gave preliminary approval on 22 September 2026 for NBE to acquire Banque Misr’s UAE branches. Both banks are Egyptian state lenders. The notice is not a closed sale. No price or completion date was published with the joint statement.
Jordan's Abwaab has acquired Egyptian edtech Eduact for an undisclosed sum, expanding beyond student learning into digital infrastructure for teachers and tutoring centres. It marks a strategic pivot and Abwaab's second Egyptian acquisition of 2026.
Master Works Group has acquired a majority stake in 1sTech, a Saudi specialist in geospatial solutions, geographic AI and drone- and satellite-imagery technology. The deal deepens its GIS capabilities for government, critical and military projects.
Cairo-based advisory platform Exits MENA has acquired private equity firm Avanz Capital Egypt in a multi-seven-figure deal. The move builds an integrated financial group targeting the forgotten middle, the financing gap for mid-sized Egyptian companies.
The Arab Investment Company (TAIC) has taken a 15 percent stake in Morocco's Casablanca-listed Akdital Holding to fund its expansion into Saudi Arabia and the Gulf. The deal reflects growing intra-Arab healthcare investment across the region.
SpaceX has completed its 60 billion dollar all-stock acquisition of AI coding startup Cursor, the second-largest venture-backed deal ever. It vertically integrates Elon Musk's AI empire, pairing xAI's compute with Cursor's coding distribution.
E-finance, Egypt's PIF-backed fintech infrastructure group, has agreed to acquire microfinance lender Tamweely for up to 94 million dollars. The deal pushes e-finance beyond payments into direct MSME lending, capturing more value in its ecosystem.