In a major step toward reshaping Africa’s energy future, Al Maktoum Finance, operating under the Office of H.H. Sheikh AbdulHakim Al Maktoum Group Holdings, has signed an investment MOU with Prime Group Singapore for a USD 100 million equity acquisition agreement.
The MOU outlines a landmark investment framework to be executed through Al Maktoum Finance’s Capital Protection Division, establishing a strategic stake in Prime Group as it ramps up its oil and gas portfolio consolidation across Africa.
This milestone agreement lays the foundation for one of the region’s most ambitious pre-IPO strategies, strengthening Prime Group’s capital position ahead of its planned Reverse Takeover (RTO) and Singapore Exchange (SGX) listing slated for 2026.
A Strategic MOU Anchoring a USD 100 Million Energy Investment
The newly signed MOU formalizes the intent of Al Maktoum Finance to acquire USD 100 million worth of Prime Group equity. Upon completion, the investment will directly support:
- Acquisition of high-value oil and gas reserves across Africa
- Asset development and revaluation programs
- Consolidation of Prime Group’s expanding energy portfolio
- Structuring of the company’s pre-IPO readiness
- Financial engineering for a post-RTO SGX listing
Prime Group’s roadmap targets a dramatic uplift in enterprise value, projecting a 10x return on investment within 18 months of its public listing — driven by asset-backed growth and institutional market exposure.
A Shared Vision for Africa’s Energy Future
A spokesperson for Al Maktoum Finance’s Capital Protection Division emphasized the strategic importance of the MOU:
“Signing this MOU signifies our commitment to world-class, asset-backed investment opportunities. Prime Group’s disciplined non-operator strategy and its focus on strengthening Africa’s economic sovereignty align perfectly with our mandate.
This partnership positions us within a rapidly expanding energy ecosystem projected to generate over 300% revenue growth, delivering long-term value for our investors.”
The MOU marks the beginning of a deeper partnership aimed at leveraging global capital to support African development, energy independence, and sustainable growth.
Prime Group: Preparing for Rapid Growth and SGX Debut
Prime Group CEO Karim Bouhout welcomed the signing of the MOU as a pivotal moment in the company’s expansion trajectory:
“This MOU with Al Maktoum Finance is a strong vote of confidence in our long-term strategy and our path toward an SGX listing.
The agreement strengthens our credibility and accelerates our development roadmap — including asset acquisition, revaluation programs, and a forthcoming strategic bond issuance. Together, we aim to unlock meaningful, sustainable value across Africa’s resource sector.”
Prime Group plans to deploy the capital toward:
- Large-scale upstream asset purchases
- Development of priority oil and gas concessions
- Long-term supply partnerships with national governments
- Infrastructure enhancement supporting local economies
- Preparation for the company’s 2026 RTO and public listing
About Prime Group
Prime Group is an international investment and trading platform headquartered in Singapore, focusing on oil, mining, and agricultural opportunities across Africa. Led by CEO Karim Bouhout, the Group operates on a disciplined non-operator model, partnering with major global institutions — including China National Petroleum Corporation (CNPC) — to deliver stable, risk-adjusted returns.
Prime Group is committed to expanding Africa’s energy capacity while supporting economic sovereignty and sustainable development for its partner nations.
