Elegancia Group Holding W.L.L. agreed to acquire Investment Holding Group - Q.P.S.C. (DSM:IGRD) in a reverse merger transaction on April 7, 2021. Acquisition will be done through a share swap. On November 15, 2021, a share swap agreement has been signed between the parties for the transaction.

Investment Holding Group will comply to all laws issued by Qatar Financial Markets Authority, Qatar Stock Exchange and all other relevant regulatory authorities to obtain all necessary approvals before seeking the approval of the group's shareholders at extraordinary general assembly. Board of Directors of Investment Holding Group approved the transaction on October 12, 2021. As of March 15, 2022.

Qatar Financial Market Authority has approved the acquisition.