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News
Kipco moves 36.3% of JTC Logistics to Napesco
1+ week, 4+ day ago (257+ words) Kipco is reshuffling its ownership of JTC Logistics: Kuwait Projects Company Holding (Kipco) has agreed to sell a 36.3% stake in JTC Logistics Transportation & Stevedoring to its 53.9%-owned subsidiary National Petroleum Services Company (Napesco) for KWD 30 mn, according to a disclosure…...
Mubadala Capital takes majority stake in US freight broker Arrive Logistics
1+ week, 5+ day ago (206+ words) UAE’s Mubadala Capital is taking a majority stake in US freight broker Arrive Logistics, adding another control investment to the Abu Dhabi alternative asset manager’s portfolio, according to a statement. Arrive’s management is rolling significant equity into the transaction. Financial…...