shares | Egypt Oil & Gas - Part 2
BP Launches Share Award Program for its Employees
BP company announced that it is launching its first share award program for its employees who are more than 60,000, motivating them to support its plan of renewable energy transition, Reuters reported. The company add...
Aramco to Sell More Shares to Reinforce State’s Sovereign Wealth Fund
Saudi Crown Prince Mohamed bin Salman announced that the state-owned Aramco Company will sell more shares as apart of its plan to reinforce the Kingdom’s Sovereign Wealth Fund. This came during his speech at the Futur...
OQ to Divest BORL Shares
OQ, Oman’s global integrated energy company, entered into discussion with its partner Bharat Petroleum Corporation Limited (BPCL) on the potential selling of its shares in in Bharat Oman Refineries Limited (BORL), acc...
AMOC Transfers Alexandria Wax Products’ 455 Shares to EGPC
Alexandria Mineral Oils Company (AMOC) transferred 455 shares from Alexandria Wax Products Company, one of its affiliates, to the Egyptian General Petroleum Corporation (EGPC), Al Borsa News reported. The deal was exe...
Dana Gas Repurchases 368,250 Shares
Dana Gas has purchased 368,250 shares as part of the buy-back program for around $95,140, according to a company statement to the Abu Dhabi Securities Exchange (ADX). It is worth noting that the buy-back program, in w...
Qalaa Holdings Looks to Increase Shares in ERC
Qalaa Holdings is in negotiations to increase its shareholdings in the Egyptian Refining Company (ERC), Qalaa managing director, Hisham El Khazindar, told Al Borsa. Qalaa Holdings currently owns 16.2% of the company&#...
Nipco Launches $16m Offer for Mobil Oil Shares
Nipco Plc has launched a $16m offer for the shares it needs to increase its stakes in Mobil Oil to 70% to comply with Nigerian takeover rules, Reuters stated. Nipco’s investment subsidiary bought 60% of Mobil Oi...
ADES Offers 40% Stake in London Stock Market
Advanced Energy Systems (ADES Group) completed offering 40% of its shares on London Stock Exchange at a price of $16.50 per share, with total proceeds of $278m, reported Al Mal News. The floatation is managed by EFG-H...
