Corporate News
CCME Global Limited has acquired a 45% stake in Cash & Carry Middle East FZCO (CCME UAE), a Dubai-based trading and distribution company specializing in FMCG products for the Middle East and Africa, for approximately $135 million USD. The acquisition, completed October 28, 2026, involved the issuance of 2,25,000 shares of CCME Global Limited and establishes CCME UAE as an associate company. CCME UAE reported a turnover of AED 69,025,527 (approximately $1.88 million USD) and a net profit of AED 43,98,509 (approximately $1.19 million USD) as of June 30, 2026. The transaction, considered to be conducted at arm’s length, expands CCME Global Limited’s presence in the Middle East and African markets and leverages CCME UAE’s existing customer base, with the acquisition involving related parties holding a majority stake in the target company.