The Zai Stores Company, a subsidiary of IHC, acquired 60% of Royal Horizon Holdings in a deal valued at 80 million dirhams.
According to Arabiya Net, the value of the deal will be paid in two parts, half of it to the shareholders and the rest being pumped as capital into Royal Horizon.
The International Holding Company IHC, listed on the Abu Dhabi Securities Exchange, had previously announced an investment of 39 million pounds sterling in exchange for its acquisition of a stake in Oxford Nanopore Technologies, within the framework of A £ 84.4m capital increase program implemented by the UK leader in DNA sequencing technology.
Oxford Nanopore will allocate this funding to expand its efforts to innovate and accelerate its commercial and manufacturing operations, including supporting its endeavors as it moves towards enhancing its capabilities and capabilities in The field of rapid tests to detect the Covid-19 virus.
