CI Capital Advises the National Service Projects Organization on its Strategic Partnership with Taqa Arabia and the Transfer of 172 Watanya-Branded Fuel Stations
CI Capital is acting as Exclusive Financial Advisor to the National Service Projects Organization on its strategic partnership with Taqa Arabia
Cairo, 11 June 2026:
CI Capital (CICH.CA), Egypt's leading diversified financial services group, has successfully advised the National Service Projects Organization ("NSPO") as the Exclusive Financial Advisor on the transfer of 172 Watanya-branded fuel stations to Quick Fuel for Petroleum Products Trading and Distribution S.A.E. ("Quick Fuel" or the "Company"), a newly established standalone commercial entity, followed by an acquisition by Taqa Arabia ("TAQA"), a leading integrated energy group listed on the Egyptian Stock Exchange, of an initial 10% equity stake in Quick Fuel, with an option to increase its ownership at the time of Quick Fuel's initial public offering on the Egyptian Stock Exchange. A Term Sheet was signed in the presence of H.E. Dr. Mostafa Madbouly, Prime Minister of the Arab Republic of Egypt, and H.E. Dr. Mohamed Farid Saleh - Minister of Investment and Foreign Trade and Chairman of the Board of Directors of The Sovereign Fund of Egypt ("TSFE"), marking a significant milestone in the Government of Egypt's asset monetization program and its broader commitment to unlocking private sector participation in the management and development of strategic national assets.
The signing ceremony was also attended by General Khaled Abdullah - Head of the Armed Forces Financial Affairs Authority, General Ayman Mattar - Deputy Head of the Armed Forces Financial Affairs Authority, General Khaled Hamdy – Assistant to the Head of the Armed Forces Financial Affairs Authority, General Yasser Wady - Chairman of the Board of Directors of the National Company for Petroleum, Ms. Noha Khalil – Chief Executive Officer of TSFE.
The Term Sheet was signed by General Magdy Anwar, Director General of NSPO, and, on behalf of Taqa Arabia, by Eng. Khaled Abu Bakr, Chairman, and Ms. Pakinam Kafafi, Chief Executive Officer.
The transaction marks the culmination of a multi-year process to transform 172 NSPO-owned fuel stations, operating under the established "Watanya" brand, into a fully independent, privately managed commercial platform primed for growth. The stations have been consolidated under a newly established entity — Quick Fuel, creating a scalable, investment-ready vehicle designed to attract private capital, enhance operational efficiency, and deliver sustainable long-term value.
Under the terms of the agreement, TAQA will: (i) acquire an initial 10% equity stake in Quick Fuel; (ii) enter into a management and operation agreement under which TAQA will assume full operational oversight of the Company, driving the implementation of its expansion and development agenda with the objective of enhancing operational efficiency and elevating service quality; and (iii) retain an option to acquire an additional 15% stake in the Company at the time of its initial public offering on the Egyptian Stock Exchange, reflecting TAQA’s conviction in the platform’s long-term growth potential. With TAQA’s established expertise in the sector, Quick Fuel is well-positioned to build the operational track record and institutional credibility needed to support a future listing on the Egyptian Stock Exchange. The transaction is expected to be completed following the successful transfer of the 172 fuel stations into Quick Fuel, the finalization of the corporate restructuring process, and the receipt of all required regulatory approvals.
CI Capital's Investment Banking division is serving as Exclusive Financial Advisor to NSPO, working in close coordination with TSFE. The scope of CI Capital's advisory mandate has been comprehensive, encompassing the full transaction lifecycle — from the identification and selection of the right strategic partner, through structuring, valuation, negotiation, and execution. To lay the necessary groundwork for this partnership, CI Capital has also worked alongside a dedicated advisory team on the establishment of Quick Fuel as a standalone commercial entity and the legal restructuring and transfer of the 172 fuel stations.
"This transaction is a further testament to CI Capital's leading role in the Government of Egypt's asset monetization program. Since 2021, we have advised on landmark transactions with an aggregate value of around USD 750 million across fintech, financial services, telecom and basic materials — reinforcing our position as the country's advisor of choice in supporting private sector participation in strategic state-owned assets, and demonstrating our continued ability to structure and execute complex, multi-stakeholder transactions of national significance", stated Amr Helal, CEO of the Sell-side Investment Bank at CI Capital.
"This transaction represents the culmination of a multi-year process to transform 172 NSPO-owned fuel stations into a fully independent, privately managed commercial platform primed for growth. Working closely with NSPO and TSFE, our team supported every stage of this journey — from the establishment of Quick Fuel as a standalone entity and the legal restructuring and transfer of the station assets, to the selection of Taqa Arabia as the right strategic partner. The result is a scalable, investment-ready platform well-positioned for its anticipated initial public offering on the Egyptian Stock Exchange", stated Gamal Olama, Managing Director at CI Capital Investment Banking.
CI Capital coordinated this effort alongside Adsero – Ragy Soliman & Partners as legal advisor and Grant Thornton – Saleh, Barsoum & Abdel Aziz as accounting advisor to NSPO.