Mubadala sells majority stake in Masdar to Taqa + Adnoc: The UAE’s national oil company Adnoc and state energy firm Taqa have completed a transaction to take stakes in sovereign wealth fund Mubadala’s clean energy firm Masdar, according to a joint statement out Thursday. Taqa is the largest shareholder of the company’s renewables business with a 43% stake, Mubadala will retain 33% and Adnoc the remaining 24%. Meanwhile, Adnoc will lead green hydrogen operations with a 43% stake in that side of the business, with Mubadala holding 33% and Taqa the remaining 24%. Taqa paid more than USD 1 bn for its stake, according to the statement.

Americana Group will debut on both the Saudi and Abu Dhabi stock exchanges tomorrow, 12 December, according to statements from the two bourses (here and here, pdf). Americana, which operates KFC and Pizza Hut in MENA, is offering (pdf) a 30% stake (2.5 bn shares) in a dual listing in Riyadh and Abu Dhabi at SAR 2.68 apiece — the top end of its range, valuing the company at as much as USD 6 bn. Bookbuilding was oversubscribed within hours of opening last month.

	EGX30	14,838	+0.4% (YTD: +24.2%)
	USD (CBE)	Buy 24.59	Sell 24.66
	USD at CIB	Buy 24.58	Sell 24.64
	Interest rates CBE	13.25% deposit	14.25% lending
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	ADX	10,252	-0.2% (YTD: +20.1%)
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	Euro Stoxx 50	3,943	+0.5% (YTD: -8.3%)
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THE CLOSING BELL-

The EGX30 rose 0.4% at Thursday’s close on turnover of EGP 2.74 bn. International investors were net buyers. The index is up 24.2% YTD.

In the green: AMOC (+7.7%), Sidi Kerir Petrochemicals (+7.6%) and Elsewedy Electric (+6.0%).

In the red: Oriental Weavers (-3.9%), e-Finance (-2.6%) and Fawry (-2.3%).