Dubai-Abraaj Capital, an investment firm based in Dubai, reports that it has finalized a US$1.41 billion acquisition of 100 percent of Egyptian Fertilizers Co. (EFC). Abraaj said it is the largest private equity acquisition in the history of the Middle East and North Africa. Dubai Capital Group (DCG), the regional asset management arm of Dubai Group, Saudi-based Rashed Al Rashed & Sons Group, and other regional firms have co-invested in the transaction. EFC was established in 1998 as a free-zone joint stock company in the Northwestern Suez Economic Zone, near Egypt’s Sokhna Port. The company operates two factories and makes ammonia and granular urea.
Transparency Across the Fertilizer Value-Chain