Gulf Capital partnered with the founding shareholders of ECDC and invested in the company in 2014 to finance organic and inorganic growth opportunities, including investments in the energy sector in Egypt. A 2017 follow-on investment further supported the company’s ambitious growth plans.

Dr Karim El Solh, CEO of Gulf Capital, said: “We are proud to have supported the exceptional management team at the Group since 2014, which was instrumental to the success of the group with a clear and ambitious growth plan and strong execution on the ground. We would like to take this opportunity to congratulate the management team on their strong execution and to wish them all the success in the future.”

Ayman Abbas, Director of ECDC, said: “I would like to thank Gulf Capital for being a supportive partner since 2014. The investment made by Gulf Capital added significant value to all stakeholders, due to the flexible and tailored financing structure and the unique growth capital solutions provided, which addressed the various considerations we had as a corporation throughout our journey since 2014. We highly value our relationship with Gulf Capital and its management team and wish them all the success in the future.”

Omar Rifai, Managing Director at Gulf Capital, added “Gulf Capital was pleased to work with ECDC’s management team across different functions including reporting, corporate governance, financing solutions, and risk management. This highly successful exit reinforces Gulf Capital’s position as a pioneer in providing tailored and flexible growth capital solutions to successful regional companies and helping exceptional management teams execute their ambitious growth plans.”