Tag: acquires

Saudi company acquires NPCC

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article image STAFF REPORT ISB: The Saudi firm has taken over National Power Construction Corporation (NPCC) following bidding of disinvestment of 88 percent government shares in the company. The bidding process was supervised by Chairman Privatization Commission, Muhammad Zubair Umar. Sixteen parties had expressed interest in bidding process and seven were eventually scrutinized on the recommendations of the financial advisers as the pre-qualified parties in May last year. Saudi based company M/s…Read More

Saudi company acquires NPCC

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article image STAFF REPORT ISB: The Saudi firm has taken over National Power Construction Corporation (NPCC) following bidding of disinvestment of 88 percent government shares in the company. The bidding process was supervised by Chairman Privatization Commission, Muhammad Zubair Umar. Sixteen parties had expressed interest in bidding process and seven were eventually scrutinized on the recommendations of the financial advisers as the pre-qualified parties in May last year. Saudi based company M/s…Read More

EatOye acquires Urbanite customer base

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article image STAFF REPORT KHI: EatOye Pvt. Ltd. (www.eatoye.pk) operating as an independent subsidiary of Foodpanda Global and an icon of food delivery, has acquired urbanite.pk, a customer base and domain - Pakistan’s pioneering online food ordering websites. This acquisition is the latest in a string of buyouts that have occurred in the red hot online food ordering industry within the region. Urbanite successfully launched online delivery across Karachi and brought together customers and…Read More