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Thursday, 14 November 2019

Apicorp acquires 24% equity stake in Al Khorayef United Holding

M&A WATCH- Apicorp acquires 24% stake in Al Khorayef United Holding: The Arab Petroleum Investments Corporation (Apicorp) has acquired a 24% stake in Al Khorayef United Holding, its first private equity investment in a Kuwait-based company, the company said in a statement yesterday (pdf). Apicorp will partner with Saudi’s Al Khorayef Petroleum Company and Kuwait’s United Oil Projects, which own stakes in the oil and gas services company. Egypt is a shareholder of Apicorp, a multilateral development institution that invests in the Arab world’s oil and gas industries.

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