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Arab Energy Takes 10% in Quick Fuel
Arabian Energy Company announced in a disclosure to the Egyptian Exchange that it has signed an agreement with the National Service Projects Authority to acquire a stake in "Watania" fuel stations. Under the agreement, the company will own a 10% share of "Quick Fuel" and will be responsible for operational management and development. There is also the possibility of purchasing an additional 15% stake in the future if it is offered on the Egyptian Exchange. The deal aims to enhance efficiency and expand the network of stations, which currently number around 172.
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