By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Arabian NewsThe Arabian NewsThe Arabian News
  • Home
  • Business
  • Exclusive
  • Technology
  • Wellness
  • Real Estate
  • Contact
Reading: Abu Dhabi’s CYVN, Bahrain’s Mumtalakat Finalize McLaren Automotive Acquisition
Share
The Arabian NewsThe Arabian News
  • Politics
  • Pursuits
  • Business
  • Technology
  • Home
  • Business
  • Exclusive
  • Technology
  • Wellness
  • Real Estate
  • Contact
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
alt="Abu Dhabi’s CYVN, Bahrain’s Mumtalakat Finalize McLaren Automotive Acquisition"
The Arabian News > Exclusive > Abu Dhabi’s CYVN, Bahrain’s Mumtalakat Finalize McLaren Automotive Acquisition
Exclusive

Abu Dhabi’s CYVN, Bahrain’s Mumtalakat Finalize McLaren Automotive Acquisition

admin
SHARE

Abu Dhabi’s CYVN Holdings and Bahrain’s Mumtalakat Holding have officially completed their acquisition of McLaren’s automotive division, marking a significant shift in the ownership of the iconic British luxury car brand. The deal, which was first proposed last year, strengthens the Gulf region’s growing influence in the global automotive industry.

CYVN first signed a non-binding agreement to buy McLaren Automotive, and the completed deal now has both investors as major stakeholders in the future of the company. The action is anticipated to bring more financial stability and new capital to McLaren to improve its high-performance car portfolio and international expansion plans.

Industry observers think that with the support of CYVN and Mumtalakat, McLaren might be able to speed up its transition towards electric and hybrid supercars in line with global sustainability trends. The investment also solidifies the Middle East’s increasing influence in the future direction of luxury and performance cars.

While McLaren shifts hands under its new proprietorship, stakeholders and investors alike are interested in learning how this takeover will influence the brand’s direction, innovation, and long-term vision within the competitive car market.

 

You Might Also Like

Win Big in UAE: Dh5 Raffles Offer Millions in Cash and Luxury Cars

Dubai Parking Fight Leaves Victim Disabled, Attacker Sentenced to Jail

Dubai Marina Fire: Hero Police Captain Climbs 54 Floors to Save Trapped Pets

Jane Goodall’s Pollinator Garden Opens in Dubai, Inspiring UAE’s Next Generation

Meydan Free Zone Partners with Gulf News for Exclusive Digital Access

TAGGED:Abu Dhabi’s CYVN
Share This Article
Facebook Twitter Email Print
Previous Article alt="India's Supreme Court Halts Tree Felling Near Hyderabad University" India’s Supreme Court Halts Tree Felling Near Hyderabad University
Next Article alt="Hungary to Withdraw from ICC During Netanyahu's Visit" Hungary to Withdraw from ICC During Netanyahu’s Visit

Popular News

alt="KHDA Summer Programmes Empower Students, Align with #DubaiDestinations Vision"
KHDA Summer Programmes Empower Students, Align with #DubaiDestinations Vision
Education
alt="Air India Turbulence Gets Worse: Chaos, Delays, and Bomb Threats Increase"
Air India Turbulence Gets Worse: Chaos, Delays, and Bomb Threats Increase
World
alt="With the 4% Depreciation Rule, the UAE lowers corporate tax on property owners"
With the 4% Depreciation Rule, the UAE lowers corporate tax on property owners
Exclusive
alt="Bangladesh Air Force Jet Crashes Into Dhaka School, Killing One"
Bangladesh Air Force Jet Crashes Into Dhaka School, Killing One
World

Recent News

  • Five Student Deaths at IIT Kharagpur in 2025: Another Tragedy
  • Solano, a Newcastle legend, assumes leadership as Pakistan’s football coach
  • UAE Issues Weather Alert: Rain, Wind, and Cooler Days Ahead
  • KHDA Summer Programmes Empower Students, Align with #DubaiDestinations Vision
  • Pakistan Launches Green Transit Drive, Lahore’s First Trackless Metro
The Arabian News

Quick Links

  • Home
  • Business
  • Real Estate
  • Contact

Featured Categories

  • Real Estate
  • Wellness
  • Politics
  • Economics

Find Us on Socials

© 2024 The Arabian News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?