Press release

DFMDisclosureApril 14, 2026View on exchange

AI Summary

SHUAA Capital Saudi Arabia and Gate Capital signed a Memorandum of Understanding (MoU) on April 14, 2026, to launch an alternative investment fund dedicated to consolidating the Saudi fuel retail sector.
The partnership aims to build a national fuel retail champion with a network of more than 500 service stations across the Kingdom.

The platform will employ a 'buy-and-build' strategy, starting with the acquisition of an established and qualified fuel retail operator in Saudi Arabia.

The initiative seeks to capitalize on regulatory changes in a sector comprising over 10,000 stations, aligning with Saudi Vision 2030 infrastructure modernization goals.

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Attachments

SHUAA PR E 14 04 202