EHC Investment Acquires Al Fanar Gas Group, Boosting UAE Energy Landscape
Deal News | Mar 27, 2025 | Zawya
EHC Investment, through its energy subsidiary, Emirates International Gas (EIG), has completed the full acquisition of Al Fanar Gas Group, a leading gas distributor and service provider in Abu Dhabi and the wider UAE. This acquisition aligns with EHC's strategic objective to advance its role in the UAE's energy sector by integrating Al Fanar's substantial market presence and operational infrastructure. The acquisition is expected to foster innovation and efficiency in gas solutions, aligning with the UAE Energy Strategy's goals for infrastructure modernization and operational efficiency. Ali Al Gebely, Managing Director of EHC, and Moustafa Rashad, CEO, emphasize the acquisition's alignment with national priorities and a focus on sustainable growth and market competitiveness. Khaled Ben Said, CEO of Al Fanar, anticipates that the merger will unlock new growth avenues and enhance service capabilities. This strategic move not only extends EHC's portfolio but also positions it to spearhead future developments in the UAE's energy sector.
Sectors
- Energy
- Private Equity
- Infrastructure
Geography
- United Arab Emirates – The acquisition involves companies operating within the UAE, specifically based in Abu Dhabi.
Industry
- Energy – The article discusses the expansion of EHC Investment in the energy sector through the acquisition of a major gas service company, Al Fanar Gas Group.
- Private Equity – EHC Investment, a Private Equity firm, is involved in the strategic acquisition to expand its portfolio and influence in the energy sector.
- Infrastructure – The acquisition aligns with goals for infrastructure modernization and operational efficiency in the UAE's gas sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EHC Investment | Acquiring Company | Company | A leading holding company based in Abu Dhabi, focusing on energy sector investments and strategic expansions. |
| Emirates International Gas (EIG) | Subsidiary of Acquiring Company | Company | The energy arm of EHC Investment, responsible for acquiring Al Fanar Gas Group. |
| Al Fanar Gas Group | Target Company | Company | Abu Dhabi's largest gas distributor and service provider, now acquired by EIG. |
| Ali Al Gebely | Managing Director | Person | Managing Director and Board Member of EHC Investment. |
| Moustafa Rashad | CEO | Person | Chief Executive Officer of EHC Investment. |
| Khaled Ben Said | CEO of Al Fanar | Person | Group Chief Executive Officer of Al Fanar Gas Group. |