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Monday, 29 June 2020

Saudi’s Khaled Abdullah Al Subaie Holding to acquire Maridive Offshore Projects

M&A WATCH- Saudi’s Khaled Abdullah Al Subaie Holding looks to acquire Maridive Offshore Projects: Jeddah-based Khaled Abdullah Al Subaie Holding Company has expressed interest in acquiring Maridive Offshore Projects, a wholly owned subsidiary of EGX-listed Maridive & Oil Services, the company said in a regulatory filing (pdf) that provided no further details of the potential transaction. Maridive said in March that it was in talks with creditors as it struggled with covid-19 and plunging oil prices.

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