Abu Dhabi-based Modon Holding has announced a definitive agreement to acquire Arena Events Group through a deal with International Holding Company (IHC) and TasHeel Holding.
Arena is a global leader in large-scale temporary infrastructure and integrated event solutions which has played a pivotal role in delivering services and infrastructure for major international sporting events including the 2024 Paris Olympics, Formula 1 races, and the Wimbledon tennis tournament.
The acquisition will enhance Modon’s capabilities in the global events industry, expanding its footprint across more than 10 countries, including the US, UK, and Saudi Arabia. The transaction is expected to be finalised by Q1 2025, subject to regulatory approvals.
Gulf Economist Staff Writer