Tags : Salma Selim

Deal & transactions Egypt Oil & Gas

MBH: ADNOC Distribution breaks into the Egyptian market  

Abu Dhabi National Oil Company for Distribution (“ADNOC Distribution”), the UAE’s largest fuel and retail distributor, has officially entered the Egyptian market after completing the acquisition of a 50% stake in TotalEnergies Marketing Egypt from TotalEnergies Marketing Afrique. This landmark transaction was first announced in July 2022 and is expected to uplift ADNOC Distribution’s EBITDA from year […]

Deal & transactions Egypt TMT

Solutions by Stc completes stake acquisition into Giza Systems 

Arabian Internet and Telecommunication Company, Solutions by Stc, an enabler of digital transformation in the Kingdom of Saudi Arabia, has completed the acquisition of a majority stake (88.19%) of Giza Systems with an enterprise value worth USD158 million.  The deal represents an important step towards implementing the ambitious growth strategy set by Stc Group to […]