CI Capital Acts as Exclusive Financial Advisor on Strategic Fuel Stations Transaction in Egypt
CI Capital (CICH.CA), one of Egypt’s leading diversified financial services groups, announced that it has successfully acted as Exclusive Financial Advisor to the National Service Projects Organization (NSPO) on a major strategic transaction involving the restructuring and transfer of 172 Watanya-branded fuel stations.
The transaction includes the transfer of the stations to Quick Fuel for Petroleum Products Trading and Distribution S.A.E., a newly established standalone commercial entity designed to operate as an investment-ready platform and attract private sector participation in Egypt’s fuel distribution market.
Strategic Partnership Between NSPO and TAQA Arabia to Strengthen Egypt’s Energy Sector
The transaction marks a significant milestone in Egypt’s ongoing efforts to enhance private sector involvement in strategic national assets and accelerate the asset monetization program.
A Term Sheet was signed in the presence of H.E. Dr. Mostafa Madbouly, Prime Minister of Egypt, and H.E. Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade and Chairman of the Sovereign Fund of Egypt (TSFE).
Senior officials also attended the signing ceremony, including representatives from the Armed Forces Financial Affairs Authority, the National Company for Petroleum, and the Sovereign Fund of Egypt.
The agreement was signed by Major General Magdy Anwar, Director General of NSPO, and on behalf of TAQA Arabia, by Eng. Khaled Abu Bakr, Chairman, and Ms. Pakinam Kafafi, CEO.
Quick Fuel: A New Independent Platform Managing 172 Fuel Stations
The transaction represents the culmination of a multi-year restructuring process aimed at transforming NSPO’s fuel station portfolio into a fully independent and commercially driven platform under the brand Quick Fuel.
The newly formed entity is designed to:
- Improve operational efficiency
- Attract private investment
- Enhance service quality
- Build a scalable fuel distribution platform in Egypt
This restructuring positions Quick Fuel as a future-ready company with strong potential for growth and long-term value creation.
TAQA Arabia to Acquire Stake and Lead Operational Expansion
Under the terms of the agreement, TAQA Arabia will:
- Acquire an initial 10% equity stake in Quick Fuel
- Enter into a management and operations agreement to oversee full operational control
- Hold an option to increase its stake by an additional 15% at the time of IPO on the Egyptian Exchange
This structure reflects TAQA Arabia’s confidence in the long-term growth potential of the platform and its commitment to developing a leading fuel distribution network in Egypt.
With TAQA Arabia’s operational expertise, Quick Fuel is expected to build a strong performance track record ahead of its planned listing on the Egyptian Exchange.
CI Capital’s Role in Egypt’s Asset Monetization Program
CI Capital’s Investment Banking division served as Exclusive Financial Advisor to NSPO, working closely with the Sovereign Fund of Egypt (TSFE).
The advisory role covered the full transaction lifecycle, including:
- Strategic partner selection
- Valuation and structuring
- Negotiation support
- Execution and closing process
CI Capital also contributed to the establishment of Quick Fuel as a standalone entity and supported the legal and operational restructuring of the 172 fuel stations.
According to CI Capital, this transaction further strengthens its position as a leading advisor in Egypt’s asset monetization program, having advised on landmark deals worth approximately USD 750 million since 2021 across fintech, telecom, financial services, and industrial sectors.
Transaction Advisors
The transaction was supported by a group of leading advisors:
- Legal Advisor: Adsero – Ragy Soliman & Partners
- Financial & Accounting Advisor: Grant Thornton – Saleh, Barsoum & Abdel Aziz
