Qalaa Holdings Reviews Plan to Increase Its Stake in Egyptian Refining Company

On 29 October, Qalaa Holdings’ extraordinary general meeting reviewed plans to increase the group’s indirect ownership in Egyptian Refining Company from 13% to 27.1%. The proposed transaction involves acquiring an additional interest through New Age Refining, with financial closing expected in December 2026 subject to agreed conditions; no final purchase consideration was disclosed in the latest announcement. HPC can support transaction analysis, financial modelling and due-diligence data workflows; contact HPC for a quotation based on your confirmed corporate-finance requirements.

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