Taqa Arabia acquires 10% of 172 Wataneya stations

The military’s National Service Projects Organization (NSPO) is handing Taqa Arabia a 10% stake in 172 stations from Wataneya’ s fuel network Cabinet statement

Wataneya operates 294 stations nationwide ( estimated to represent around 7% of the country’s fuel retail market ) and the deal will cover only 172 of them. USD 8 bn loan program July 2023

The ghosts of bidders past: spent years Vivo Energy walking away

What we don’t know: April 2025 repeatedly derailed

In other privatization news

Another petroleum company joins the privatization show: Petroleum Marine Services (PMS) statement

PMS joins an increasingly active oil-asset listing pipeline. Arabic press

The government expects to finalize the fair-value study for Misr Life Ins. within two weeks and will reveal the roster of interested investors in the fi rst half of July float a 20% stake

On the Banque du Caire IPO front last week

ALSO- the third iteration