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FINANCIAL NEWS
UAE’s Gulf Capital invests USD25m in Egyptian firm
08 Oct 2014
(MENAFN) UAE-based private equity firm Gulf Capital has announced that its investments hit a total of USD25 million in Egyptian firm Amak Group through its regional fund Gulf Credit Partners, Gulf Business reported.
Amak provides petroleum services for the onshore and offshore sectors in Egypt along with drilling and workover service to oil companies.
The investment by Gulf Capital is expected to fund Amak’s growth plans, a statement said.
“Gulf Credit Partners’ investment will help Amak continue its strong growth at an exciting time for Egypt’s revitalised oil and gas sector,” said Karim El Solh, CEO of Gulf Capital.
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