Modon Holding P.S.C announced today that it has entered into a definitive agreement with IHC and TasHeel Holding for the acquisition of Theta Bidco Limited, the 100% owner of Arena Events Group, a global leader in large-scale temporary infrastructure and integrated event solutions.
Arena has been a key player in providing infrastructure solutions for some of the world’s most high-profile sporting and entertainment events
Modon Holding P.S.C announced today that it has entered into a definitive agreement with IHC and TasHeel Holding for the acquisition of Theta Bidco Limited, the 100% owner of Arena Events Group , a global leader in large-scale temporary infrastructure and integrated event solutions.
Arena has been a key player in providing infrastructure solutions for some of the world’s most high-profile sporting and entertainment events. The company has contributed essential services and infrastructure support to a diverse range of major international events, including the 2024 Paris Olympic Games, Formula 1 races in Abu Dhabi, Jeddah, Las Vegas, Miami, and Austin,
Wimbledon and the annual Cinch Championships at Queen’s Club, London, The T20 Cricket World Cup in New York, where it set up a modular stadium.
With this acquisition, Modon Holding strengthens its position in the global event infrastructure market, leveraging Arena's expertise and international reach to further expand its capabilities in delivering large-scale, high-impact event solutions.
Yemen's Saudi-backed government on Sunday accused UAE-backed southern separatists of cutting off the port city of Aden and warned it would "take all necessary measures" after recapturing territory from them in the east on Saturday.
The United Arab Emirates said on Saturday it was deeply concerned by ongoing escalation in Yemen after Saudi-backed government forces swept into areas seized last month by UAE-backed southern separatists seeking independence.
Saudi Arabia on Saturday invited “all southern factions” of Yemen to attend dialogue talks in Riyadh, seeking to halt escalating clashes between southern separatists and other members of the internationally backed coalition.
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