Business Acquisition

PayTabs Group agrees to acquire Amazon Payment Services MENA operations in a deal valued above $100 million, processing over SAR 150 billion annually.

SAL Logistics Services Company has finalized its 100% acquisition of Aviapartner Liège SA for SAR 120 million, marking its first international expansion.

BlueFive Capital has finalized its acquisition of a substantial stake in Sidra Capital, forming the joint platform BlueFiveSidra with 3.8 billion USD in assets.

Straive has acquired NextGen Invent to integrate specialized AI engineering expertise and expand its global data operationalization capabilities.

Robo.ai has entered into an agreement to acquire 100% of QC Capital for US$60 million in Class B ordinary shares.

Vertiv has completed its acquisition of ThermoKey to expand its thermal management capabilities and support high-density computing in AI data centers.

SpaceX has entered a formal agreement to acquire AI coding startup Cursor for $60 billion in stock, aiming to expand its artificial intelligence capabilities.

Unifonic has acquired Segmentify to integrate real-time AI personalization and expand its customer engagement platform across the MENA region.

Knauf announces its acquisition of a majority 63.2% stake in United Mining Industries, a leading Saudi Arabian building materials manufacturer. The move strengthens Knauf’s regional presence and supports Saudi Arabia’s Vision 2030 objectives.