WNR: Here’s what happened in MENA this week

WNR: Here’s what happened in MENA this week

Luberef, Saudi Aramco’s Base Oil Company, is offering almost 30% of its share capital to the public through an initial public offering (IPO) and listing its shares on the Saudi Exchange.

ADNOC, Abu Dhabi National Oil Company, TAQA, and Mubadala finalized the Masdar transaction to become shareholders in the company. TAQA will hold a 43% stake in Masdar’s renewable business, Mubadala will hold 33% and ADNOC will hold 24% and ADNOC is taking the leading role in Masdar’s green hydrogen business with a 43% stake, Mubadala will hold 33%, and TAQA 24%

valU, the BNPL FinTech player is issuing its third securitized bond issuance worth EGP 854.5 million, which comes as part of a wider 2.0 billion EGP program that was approved by the FRA earlier this year. 

Careem Egypt and Cassbana Egypt sign a cooperation agreement to enable Careem’s Captains to fuel their vehicles through Cassbana’s deferred payments services. Careem captains can now access these services through Cassbana’s app on their smartphones and register for the service by completing the Know Your Customer (KYC) process, and then refuel their vehicles at the stations in Cassbana’s network.

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