ADQ Invests in Three Egyptian Government Companies including National Drilling Company

Posted on 08/31/2023

Abu Dhabi Developmental Holding Company PJSC (ADQ) agreed to invest US$ 800 million to buy stakes in three Egyptian government companies. The transaction involves acquiring 25% of the National Drilling Company (NDC), 30% of the Egyptian Ethylene and Derivatives Company (ETHYDCO), and 35% of the Egyptian Linear Alkyl Benzene Co. (ELAB). The deal includes a…

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