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FINANCIAL NEWS
Alfuttaim to sign USD86 million deal in Kenya
11 Sep 2013
(MENAFN) Al Futtaim Group, based in Dubai, is looking forward to the first deal in sub-Saharan Africa to take full control of CMC Holdings, a Nairobi-listed car retailer,for USD86 million, The Peninsula reported.
Al Futtaim offer is considered as one of the biggest inflows of foreign investment in Kenya’s economy for this year.
Marwan Shehadeh, group director at Al Futtaim said that the offer will help CMC to grow. The offer will be the first step to expand around Africa, he added.
Gulf Arab companies, drawn by the continent’s untouched resources, are supporting their investments in Africa.
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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