Gulf International Services (GIS) has entered into an interim agreement with Manaya Holding Group, pertaining to a potential all-share merger of its subsidiary Amwaj Catering Services with selected entities of Shaqab Abela Catering Services Company and Atyab Fruits and Vegetables.
The potential merger would create a sizeable 100% Qatari services company and is expected to contribute positively to the industrial catering and manpower services sector in Qatar.
Shaqab Abela Catering Services Company and Atyab Fruits and Vegetables are owned by Manaya Holding Group.
The newly merged entity would continue to support corporate businesses, including small and medium-sized enterprises, by providing a wide range of services.
The potential merger would create value on the back of Qatar’s strategic North Field and overall energy sector expansion. The potential merger will also pave way for strategic partnership between public and private sectors.
The potential merger would form a local champion with increased competitive advantages and providing better avenues of growth alongside capturing major commercial and operational synergies, which would lead to medium- to long-term value creation for all the stakeholders, including respective shareholders of each company.
The potential merger is subject to the completion of a detailed valuation exercise, definitive agreements with the respective shareholders and regulatory approvals, along with other customary closing conditions.
Selected entities of Shaqab included in the merger provide flagship hospitality and life support solutions. This includes services ranging from catering to facilities management services, as well as provision of managed and serviced staff accommodation solutions.
Atyab is an importer and wholesaler of food and non-food products, primarily serving Shaqab and other institutional clients.
The company specialises in a wide range of dry, fresh and frozen food, catering-related products and operates a supply chain, allowing it to support its clients’ requirements competitively.
Shaqab Abela Catering Services Company and Atyab Fruits and Vegetables are owned by Manaya Holding Group.
The newly merged entity would continue to support corporate businesses, including small and medium-sized enterprises, by providing a wide range of services.
The potential merger would create value on the back of Qatar’s strategic North Field and overall energy sector expansion. The potential merger will also pave way for strategic partnership between public and private sectors.
The potential merger would form a local champion with increased competitive advantages and providing better avenues of growth alongside capturing major commercial and operational synergies, which would lead to medium- to long-term value creation for all the stakeholders, including respective shareholders of each company.
The potential merger is subject to the completion of a detailed valuation exercise, definitive agreements with the respective shareholders and regulatory approvals, along with other customary closing conditions.
Selected entities of Shaqab included in the merger provide flagship hospitality and life support solutions. This includes services ranging from catering to facilities management services, as well as provision of managed and serviced staff accommodation solutions.
Atyab is an importer and wholesaler of food and non-food products, primarily serving Shaqab and other institutional clients.
The company specialises in a wide range of dry, fresh and frozen food, catering-related products and operates a supply chain, allowing it to support its clients’ requirements competitively.