Ghitha Holding P.J.S.C (ADX:GHITHA) agreed to acquire Tamween Management LLC for AED 8.7 billion on March 10, 2022. The consideration consists of share swap of 472 shares of Ghitha for every share in Tamween. Accordingly Ghitha capital shall be increased by issuing 141.6 million new shares in total amount of AED 141.6 million The transaction is subject to Ghitha shareholder approval, approval of Ghitha capital increase to issue share and the transaction has been approved by board of Ghitha.