Shell Sells Majority Stake in SPL to Wafi Energy LLC
Shell Petroleum Company Limited, a division of Shell plc, has recently reached a deal with Wafi Energy LLC to transfer its 77.42% controlling ownership to Shell Pakistan Limited (SPL). This choice is in line with Shell''s plan to improve its mobility network, which was first revealed during Capital Markets Day in June 2023.
Wafi Energy
Wafi Energy - Shell Licensee | ٣٬٠٤٠ من المتابعين على LinkedIn. Wafi Energy is a Saudi company specializing in managing and operating fuel stations as a Licensee of Shell in KSA. | Wafi Energy Company (Wafi) is a Saudi company specializing in managing and operating fuel stations as licensee of Shell in the Kingdom of Saudi Arabia.
Wafi Energy becomes the majority shareholder of Shell Pakistan
Pakistan - Wafi Energy, an established Saudi company and affiliate of the Asyad Group, now holds approximately 87.78% of the total issued share capital of SPL.The Shell brand will remain in Pakistan through retail and brand licensing agreements, with SPL as the exclusive brand licensee. ردو(Urdu) (PDF)
Shell Pakistan Limited to become Wafi Energy Pakistan Limited
As per a notice released by SHEL to the Pakistan Stock Exchange (PSX) on Thursday, the development comes following Wafi Energy Holding Limited (Wafi) acquisition of an additional 22,165,837
Saudi Arabia''s Wafi Energy Eyes Acquisition of Shell
As per the notice, WAFI Energy LLC is a fast-growing retail gas station network and sole licensee of Shell Retail Network (gas stations) in Saudi Arabia. In a separate notice, brokerage house Arif Habib Limited (AHL)
Shell Pakistan announces financial results for H1 2024
In October 2023, Shell Petroleum Company Limited entered into a Share Purchase Agreement with Wafi Energy LLC (the Acquirer) for the sale of its entire shareholding in SPL, which is currently under progress. In April 2024, an Addendum to the above was posted on PSX to reflect a change in the capital ownership structure of the Acquirer, where
Wafi Energy
Wafi Energy | 1,916 من المتابعين على LinkedIn. Wafi Energy Company (Wafi) is a Saudi company specialized in managing and operating fuel stations #Fresh_Start | Wafi Energy Company (Wafi) is a Saudi company specialized in managing and operating fuel stations #Fresh_Start
Arif Habib issues Wafi Energy''s offer, acceptance letters
Subsequently, due to a change in the capital ownership structure of WAFI Energy LLC, a new foreign entity called Wafi Energy Holding Limited replaced WAFI Energy LLC as the acquirer for this acquisition of
Saudi Arabia''s Wafi Energy Announces Public Offer to
Earlier, Wafi Energy LLC, the original acquirer, entered into a share purchase agreement on October 31, 2023, with The Shell Petroleum Company Limited for acquiring 165,700,304 ordinary shares
Saudi Arabia''s WAFI Energy LLC seeks majority control
WAFI Energy LLC, known for its rapid expansion within the retail gas station network and serving as the exclusive licensee of the Shell Retail Network in Saudi Arabia, has appointed brokerage house Arif Habib Limited
Wafi Energy completes Shell Pakistan acquisition
KARACHI: Wafi Energy Holding Ltd (Wafi Energy) has become the majority shareholder of Shell Pakistan Ltd (SPL) after The Shell Petroleum Company Ltd, a subsidiary of Shell plc (Shell), completes
Shell enters agreement to sell Pakistani unit to Saudi''s Wafi Energy
"Shell Petroleum Company Limited (SPCo) has entered into a share purchase agreement dated 31 October, 2023 with Wafi Enregy LLC (Wafi Energy), for the sale of SPCo''s entire shareholding in SPL
Wafi Energy acquires majority stakes in Shell Pakistan
In a notification to the Pakistan Stock Exchange (PSX), Arif Habib Limited, the manager to the offer, announced that Wafi Energy LLC would acquire an additional 24.16 million shares, equivalent to
Wafi Energy Company LLC | Shell Saudi Arabia
In 2022, Shell Brands International AG ("Shell") and Wafi Energy Company LLC ("Wafi") signed an agreement to be the sole representative of the Shell brand for fuel stations in Saudi Arabia where Shell products and services will be provided by Wafi Energy Company LLC (a licensee of the Shell brand).
Shell Petroleum Sells 77.42% Majority Interest to Wafi Energy
Karachi, November 1, 2023 – Shell Petroleum Company Limited, a subsidiary of Shell plc, has reached an agreement to sell its majority interest of 77.42 percent in Shell Pakistan Limited (SPL) to Wafi Energy LLC.. This strategic move is in line with Shell''s commitment to optimizing its mobility network, as previously announced during Capital Markets Day in June 2023.
WAFI Energy LLC intends to acquire 77.42% shares of Shell Pakistan
October 31, 2023 (MLN): Arif Habib Limited as the manager to the offer by WAFI Energy LLC, has submitted a public announcement of Intention to acquire up to 77.42% shares of Shell Pakistan Limited (PSX: SHEL) by WAFI Energy LLC, latest filing by Arif Habib on the PSX showed today. To recall, Mettis Global earlier in June hinted at Saudi Wafi Energy potentially acquiring
Saudi Arabia''s Wafi Energy Holding buys majority stakes in Shell
Dubai: Saudi Arabia''s Wafi Energy Holding acquires a majority stake in Shell Pakistan following Shell Petroleum Co., a subsidiary of global Shell plc, completing the sale of its 77.42 per cent
Saudi Arabia''s Wafi Energy becomes majority
Wafi Energy, an affiliate of Asyad Group, holds approximately 87.78% of the total issued share capital of SPL; SPL has a network of 600+ sites, countrywide storage facilities and broad portfolio
Saudi Arabia''s Wafi Energy Eyes Acquisition of Shell
WAFI Energy LLC, one of the leading fuel station companies in Saudi Arabia, is eyeing 77.42% shares and control of Shell Pakistan Limited (SHEL). Shell Pakistan announced the development in its notice to the
Competition Commission of Pakistan
In a recent development, Saudi Group Asyad Holding through UAE-based Wafi Energy Holding Limited has acquired 77.42% shareholdings and control of Shell Pakistan Limited. The Competition Commission of Pakistan (CCP) has approved the acquisition under Section 11 of the Competition Act, 2010, thus solidifying the said transaction to boost the
Saudi Firm Eyes Majority Stake in Shell Pakistan Limited
The letter revealed that WAFI Energy LLC has expressed a firm intention to acquire substantial voting shares in the company. This acquisition may potentially reshape the landscape of Shell''s operations in Pakistan. WAFI Energy. WAFI Energy LLC has rapidly grown into a significant retail gas station network. Established in 2012 with a capital
Investing in Pakistan''s Energy Future | Shell Pakistan
Wafi Energy, an established Saudi company and affiliate of the Asyad Group, becomes the majority shareholder of Shell Pakistan Limited, the exclusive licensee for Shell in Pakistan. The strong Shell brand continues to serve customers, powered by Shell''s legacy of innovation and excellence, and energized by Wafi Energy''s investment in the
Wafi Energy LLC executed a share purchase agreement to acquire
The transaction is expected to close by Q4 2024. Arif Habib Limited (KASE:AHL) acted as financial advisor to Wafi Energy LLC. Wafi Energy LLC acquired 77.42% stake in Shell Pakistan Limited (KASE:SHEL) from The Shell Petroleum Company Limited on October 31, 2023. Zain Jawed and Assad Butt of BDO AG acted as a financial advisor to Wafi
Wafi Energy LLC completed the acquisiton of additional 10.36
Wafi Energy LLC proposed to acquire additional 11.29% stake in Shell Pakistan Limited for PKR 3.7 billion on July 25, 2024. A cash consideration of PKR 1 million will be paid by Wafi Energy LLC. As...
WAFI Energy LLC replaced by Wafi Energy Holding to acquire
April 04, 2024 (MLN): Due to a change in the capital ownership structure of WAFI Energy LLC, a new foreign entity called "Wafi Energy Holding Limited" will now replace WAFI Energy LLC as the acquirer for this acquisition of 77.42% shares of Shell Pakistan Limited (PSX: SHEL), with Asyad Holding acting in concert.
Wafi Energy
Wafi Energy specializes in managing and maintaining fuel stations, ensuring that they follow basic safety measures and have a regularly kept checklist with standard dispensers. Lists Featuring This Company. Edit Lists Featuring This Company Section. Saudi Arabia Companies .
About Us
Wafi Energy Company (Wafi) is currently an established Saudi energy company specialized in the management and operation of fuel stations currently operating service stations in Saudi Arabia. Wafi is a wholly owned affiliate of Asyad
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