Apollo Global Management, Inc.’s Post

#asharqnews‬⁩ ‎⁦‪#asharqbusiness‬⁩ ‎⁦‪#markets‬⁩ ‎⁦‪#capitalmarket‬⁩ ‎⁦‪#stockstowatch‬⁩ ‎⁦‪#egypt‬⁩ ‎⁦‪#EGX‬⁩ ‎⁧‫#مؤشرات_الشرق‬⁩ ‎Earlier today 10:06 AM Cairo time ‎EGX opening live hit .. 13 March 2024 With dears Sahar Mizari & Mohamed Al Salti Financial Times: Egypt is awaiting European financing amounting to $8 billion ELSEWEDY ELECTRIC’s 2023 profits are doubled to EGP 10.11 billion, compared to EGP 5.42 billion in 2022, Company's board of Directors proposes to distribute cash dividends to its shareholders amounting to EGP 1.06 billion , at 0.5 EGP per share Beltone turns profitable in 2023, recording profits of EGP 369 million, supported by more than 400% revenue growth to EGP 1.9 billion

OQEP’s market capitalisation to hit RO 3.12 bn MUSCAT: OQ Exploration and Production SAOG (under transformation) (OQEP) has announced that, following the successful completion of the bookbuilding and public subscription process for its initial public offering (IPO), it has set the final offer price at Bzs 390 per share. The final price is at the top of the price range of Bzs 370 to Bzs 390, reflecting strong demand from local, regional and institutional investors, including irrevocable commitments from six high-profile anchor investors to subscribe for an aggregate of 20 per cent of the Offering at the final subscription price, high quality investor participation and very limited price sensitivity in the order book. Read more: https://lnkd.in/dCDrq-mc OQ Exploration & Production OQ Financial Services Authority Muscat Stock Exchange S.A.O.C #OQEP #IPO #MSX #Oman #OmanBiz

𝐁𝐚𝐡𝐫𝐢 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐬 $𝟏 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧 𝐨𝐟 𝐍𝐢𝐧𝐞 𝐕𝐋𝐂𝐂𝐬 The National Shipping Company of Saudi Arabia (Bahri) has announced a significant step in its fleet modernization strategy with the acquisition of nine Very Large Crude Carriers (VLCCs) from Capital Maritime and Trading Corporation. The purchase agreement, valued at $1 billion was finalized on August 19, 2024. The strategic acquisition is set to bolster Bahri’s status as a leading global player in the VLCC market and aligns with the company’s goals to phase out older vessels, enhance fleet competitiveness, and ultimately increase revenues and profitability. The new additions to the fleet are modern eco-scrubber ships, known for their cost efficiency and reduced operating expenses. Bahri’s Oil Transport business unit currently operates 40 VLCCs. The majority of the newly acquired VLCCs, with an average age of 5.9 years, are constructed in South Korea and feature high energy efficiency and low emission technologies, reducing environmental impact. Each vessel boasts an average deadweight tonnage (DWT) of around 311,500. The transaction involves the delivery of the VLCCs in multiple batches, with all vessels expected to be received by Bahri by the end of the first quarter of 2025. Payment terms include an initial 10% of the total transaction amount paid upon signing, with the remaining 90% due upon delivery. The acquisition will be financed through a combination of banking facilities and internally generated funds.

As I showed you from previous post about BAPETCO-JV Egyptian company ,which showed dramatic change in the company performance, after changing the shareholder since 2020. This company has actual remaining reserve dated in 2024 from 589 to 641 MMBOE compared with 191 MMBOE due to lack of activities from the new shareholders beside possible bad fields management. The undeveloped reserve in 2024 from 398 to 450 MMBOE. This company can produce average reserve from 177 to 192 MBOEPD instead of maximum reserve as 96 MBOEPD can not exceed than this value currently.

ADNOC awarded SOCAR a 3% stake in the SARB and Umm Lulu concessions, offshore Abu Dhabi. The two #oil developments are entirely separate, located over 85 kilometres from each other. Umm Lulu makes use of offshore production platforms, while SARB was developed via artificial islands. In 2018, CEPSA and OMV were awarded a 20% stake each in concession. In 2023, TotalEnergies acquired CEPSA's 20% stake. #ADNOC is returning the favour. Last year, the Abu Dhabi oil giant acquired a 30% stake in the Absheron gas field in Azerbaijan from #SOCAR and TotalEnergies. A strategic partnership with a Middle Eastern NOC has been a long-held aspiration for SOCAR. This is the second instance in which ADNOC has reduced its typical 60% stake to bring in new partners. It was first done in 2019, with the award of a 5% in the Ghasha concession to LUKOIL. In both cases, advancing geopolitical and strategic relationships seems to be the main driver. Watch our latest video to find out more about the asset, its valuation and the strategic drivers behind the deal. #BeWoodMacSure https://lnkd.in/g4QkBKzh

Saudi Aramco Completes Acquisition of Chile's Esmax. LONDON: Saudi Aramco has successfully acquired a 100% equity stake in Esmax Distribucion, a prominent downstream fuels and lubricants retailer based in Chile, marking its inaugural downstream retail investment in South America. Esmax boasts a nationwide presence, encompassing retail fuel stations, airport operations, fuel distribution terminals, and a lubricant blending plant. The acquisition, initially announced in September 2023, underscores Aramco's strategic objective of fortifying its downstream value chain and signals the company's confidence in the South American market. Yasser Mufti, Aramco's Executive Vice President of Products & Customers, expressed enthusiasm about the acquisition, emphasizing the collaborative efforts to realize shared aspirations in Chile. "Aramco is poised to become a major global retail player. This agreement merges our premium products and services, including Valvoline lubricants, with the expertise and excellence of an established operator in Chile," Mufti stated. #SaudiAramco #EsmaxAcquisition #DownstreamInvestment #ChileExpansion #GlobalRetailPlayer #AramcoInSouthAmerica

Forming the right Joint Venture (JV) in Saudi Arabia can significantly enhance your project’s success by allowing each company to focus on its strengths. However, before entering any JV, it’s vital to conduct thorough due diligence to ensure your partner is reliable and committed to delivering on their promises. We’ve seen JVs fall short when these critical steps were overlooked. To avoid unnecessary risks and ensure your project’s success, approach your JV with careful planning and clear expectations. If you’re considering a JV in Saudi Arabia, connect with us to explore how we can support your business goals. #ConstructionProjects #InfrastructureDevelopment #JointVentures #SaudiArabia #BusinessGrowth

The Public Investment Fund (PIF) and Saudi Telecommunications Company (stc Group) have signed a definitive agreement whereby PIF will acquire a 51% stake in Telecommunication Towers Company Limited (TAWAL) from stc Group. TAWAL is the largest telecommunications infrastructure company in Saudi Arabia and one of the largest in the region, with an enterprise value of $5.85 billion as per the agreement. Subsequently, PIF and stc Group will consolidate TAWAL and Golden Lattice Investment Company (GLIC) – in which PIF holds a majority shareholding – into a new merged entity, forming the largest regional company in the telecommunication infrastructure sector. The combined new entity will be owned 54% by PIF and 43.1% by stc Group, with GLIC minority shareholders owning the remaining issued share capital. Read more: https://lnkd.in/du5AR6u8 #SaudiArabia #Economy #Telecom #Telecommunication #Partnerships

Arcapita Capital closes KSA Logistics Fund III at SAR 1.8 billion ($500 million) with major investors including a GCC sovereign wealth fund. The fund focuses on Saudi industrial real estate, aiming to bolster the Kingdom as a global logistics hub. Arcapita plans further investments in strategic locations and emphasizes its role in supporting Saudi Arabia's logistics sector growth and Vision 2030 ambitions. #RealtyNXT #LogisticsInvestment #SaudiVision2030 #IndustrialRevolution #LogisticsDevelopment #ArcapitaCapital #industrialrealestate #bahrain #economicdevelopment

 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐎𝐦𝐚𝐧’𝐬 𝐅𝐮𝐭𝐮𝐫𝐞: 𝐁𝐞 𝐏𝐚𝐫𝐭 𝐨𝐟 𝐎𝐐𝐄𝐏’𝐬 𝐆𝐫𝐨𝐮𝐧𝐝𝐛𝐫𝐞𝐚𝐤𝐢𝐧𝐠 𝐈𝐏𝐎 OQ Exploration & Production (OQEP) is launching the largest IPO in Oman’s history, offering a 25% stake of the company to raise $2 billion. This move is part of Oman’s Vision 2040 strategy to boost local and international investment. Key Dates: Subscription started September 30, 2024 Closes by October 9-10, depending on the investor category. Offer Price: Institutional investors: 370-390 baisas/share Omani citizens get a discounted price at 351 baisas/share. This IPO presents a promising opportunity for investors with OQEP’s strong portfolio and potential dividends estimated at 6.7%. Don’t miss the chance to be part of Oman’s energy future . #OmanIPO #OMAN #Investment #EnergySector #Vision2040 #OQEP #OQ