Arab energy companies compete to buy a stake in the Egyptian Wataniya Company… and the government plans to end the deal in 2024. Arab energy companies compete for…Buy a share From the Egyptian government, in a company Egyptian patriotism.
She said Dr. Hala Al-Saeed On Sunday, the Minister of Planning and Economic Development of Egypt, during her participation in a symposium on “The Future and Challenges of Financial Markets and Wealth in Egypt,” in the presence of a delegation from the London Stock Exchange, said that the government will finalize a deal to sell a stake in…Egyptian national company, during the current year.
Arab energy companies compete to buy the Egyptian Wataniya
Major Arab energy companies and a Chinese company are competing to win a deal to buy a share in the National Company for the Sale and Distribution of Petroleum Products, “Wataniya,” ranging between 20 and 25%. The Egyptian Ministry of Planning has not officially announced the names of the companies that submitted final offers to buy the share.
While local reports say that among these companies competing to win this deal are the Saudi “Petromin” company, the Emirati “ADNOC” company, and the Egyptian “Taqa Arabia” company.
Last February, the Minister of Planning and Economic Development in Egypt announced that the doors would soon be closed for investors to receive their final offers to buy a share in a “Wataniya” company.
What is a “Wataniya” company?
A “Wataniya” company, owned by the National Service Projects Agency of the Egyptian Armed Forces, which at the same time owns 20% of the shares of the Egyptian “Taqa Arabia” company, since last July, for 1.629 billion pounds.
According to the company’s website, the number of its operating stations is 255, in addition to 20 stations under construction, and 25 other stations planned to be built, bringing the number of its stations to 300.
A “Wataniya” company, owned by the National Service Projects Agency of the Egyptian Armed Forces, which at the same time owns 20% of the shares of the Egyptian “Taqa Arabia” company, since last July, for 1.629 billion pounds.
According to the company’s website, the number of its operating stations is 255, in addition to 20 stations under construction, and 25 other stations planned to be built, bringing the number of its stations to 300.
