Oct 24 2011 |
more articles from
|
CFH Group advises ATCO Group on the Sale of 51% of Risal to ECG
Abdulrahman Al Turki Group ("ATCO Group") announces the sale of a 51% stake in its fully owned subsidiary Redland Industrial Services Arabia ("Risal") to Energy Capital Group ("ECG") based in the UK. CFH acted as the Financial Advisor to ATCO Group.Risal is a leading company specializing in four main lines of service which include industrial cleaning, chemical cleaning & catalyst handling, waste management and environmental services. These services mostly relate to the oil and gas sector in the Kingdom of Saudi Arabia. ECG is a prominent private equity firm with various oil and gas investments in North America and the GCC.
Mr. Ziad Al Turki, the Vice Chairman of ATCO Group commented: "The Kingdom of Saudi Arabia, being the powerhouse of the MENA region, continues to attract interest from well-established regional and international private equity players. We are also convinced that this new venture willfoster the growth of Risal and will create significant value for the shareholders of both parties".
Mr. Fawzi Farah, the CEO of
CFH
Group commented: "KSA & the rest of the GCC countries continue to make significant investments in the oil and gas sector and in related industries. Equally important, are the recent laws that were promulgated in the GCC to facilitate foreign direct investments and to allow foreign companies to operate more freely in those countries". As such, Mr. Farah "believes that there are substantial and promising investment and business opportunities within the GCC for international and regional companies to consider investments either in the form of joint ventures and/or in the form of direct investments."
For further information on the transaction, please contact:
Mr. Moufid Dardas, CFA
Executive Director / Partner
CFH Group
Office Tel: +961 1 747 606
Email: moufid@cfh.com.lb
http://www.cfh.com.lb
© Press Release 2011
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment