EHC Investment acquires gas distributor Al Fanar Gas Group

EHC Funding, by its vitality arm Emirates Worldwide Gasoline (EIG), has absolutely acquired Al Fanar Gasoline Group, Abu Dhabi’s largest gasoline distributor and upkeep supplier and probably the most outstanding gasoline service corporations throughout the UAE.

This strategic acquisition reinforces EHC’s long-term imaginative and prescient for development, agility, and technological development whereas strengthening its position in shaping the UAE’s evolving vitality panorama. It additionally aligns with EHC’s strategic priorities and helps the broader aims of the UAE Power Technique, notably in advancing infrastructure modernization and enhancing operational effectivity within the gasoline sector.

In accordance with the assertion, recognizing Al Fanar Gasoline Group’s sturdy market place and development potential, the acquisition allows EIG to mix a long time of technical experience, nationwide operational infrastructure, and deep market data. This can streamline processes, develop service capabilities, and place EIG to ship extra progressive, environment friendly, and sustainable gasoline options throughout the area.

On this event, Ali Al Gebely, Managing Director and Board Member of EHC Funding, mentioned that, “This milestone displays our continued dedication to investing in resilient sectors that supply long-term worth and strategic relevance. As we develop our vitality portfolio, we’re guided by a transparent imaginative and prescient that focuses on sustainable development, nationwide priorities, and aggressive market fundamentals.”

Moustafa Rashad, Chief Government Officer of EHC Funding, said that, “This acquisition is greater than an enlargement of our portfolio; it displays our imaginative and prescient to play a pivotal position in shaping the way forward for the UAE’s vitality panorama. By bringing collectively the strengths of Al Fanar Gasoline Group and EIG, we’re laying the muse for a extra built-in, resilient, and progressive vitality community that helps financial development and long-term sustainability. We give attention to delivering lasting worth to our communities and setting new benchmarks for excellence throughout the vitality sector.”

“For over 30 years, Al Fanar Gasoline Group has been proud to function a trusted accomplice within the UAE’s vitality sector. This acquisition will permit us to strengthen that dedication whereas unlocking new avenues for development and innovation. Collectively, we will make the most of our mixed capabilities to develop our attain and to pioneer next-generation options that meet the dynamic calls for of our purchasers and contribute to the nation’s vitality ambitions,” famous Khaled Ben Stated, Group Chief Government Officer of Al Fanar Gasoline Group.

Al Fanar Gasoline Group

Al Fanar Gasoline Group serves a various portfolio of over 100,000 purchasers, operates branches throughout all seven emirates, and has efficiently delivered greater than 5,000 tasks — together with landmark developments similar to Al Reem Island, Yas Island, Saadiyat Island, Etihad Towers in Abu Dhabi, and Bluewaters Island in Dubai.

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