Modon to acquire Arena Events Group from IHC and TasHeel.

Modon, an Abu Dhabi-based holding company, agreed to acquire Arena Events Group, a large scale temporary infrastructure and integrated event solutions provider, from IHC and TasHeel, two holding companies. Financial terms were not disclosed. "The addition of Arena to the Modon portfolio is a key achievement in our journey to expand our international footprint, build diversification and develop the breadth of our services in the global events industry. Arena's experience as a leading services provider for flagship events across North America, Europe and Asia will be invaluable as we continue to enhance Modon's international platform to enable and accelerate growth and create long term value for our shareholders," H.E. Jassem Mohammed Bu Ataba Al Zaabi, Modon Chairman.