Egypt’s Qalaa moves to double stake in Africa’s $4.3 billion refinery through QatarEnergy deal
Egyptian investment company Qalaa Holdings is preparing to more than double its economic interest in a $4.3 billion refinery after QatarEnergy agreed to exit an investment vehicle connected to the strategically important plant.
By Ayodeji AdegboyegaSouth Africa
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Qalaa Holdings plans to lift its effective indirect interest in Egyptian Refining Company from 13% to 27.1%. [Qalaa Holdings]
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About this article
- Length
- 19 words · 1 min read
- Published
- September 14, 2026
- Byline
- Ayodeji Adegboyega
- Source
- Business Insider