Prime Group, a diversified international investment platform, today announced it has secured a committed financing proposal for a SGD 220 Million Share Subscription Facility from GEM Global Yield LLC SCS (“GEM”), a leading global alternative investment group.
This strategic financing facility arrives following Prime Group’s recent landmark equity agreement, underscoring strong and growing institutional confidence in the Prime Group asset-backed growth strategy and its pathway to a public listing on the Singapore Exchange (SGX) in 2026.
Key Terms of the Facility: The facility provides Prime Group with flexible access to up to SGD 220 million in capital. Under the agreement, Prime Group may, at its discretion, draw down funds by issuing new ordinary shares to GEM, based on a formula linked to market pricing.
This structured equity line offers Prime Group an efficient capital tool to support working capital requirements as it executes its ambitious growth and public listing strategy.
Strengthening the Foundation for a Public Listing: The GEM facility represents a significant enhancement to Prime Group’s financial architecture as it advances its reverse takeover (RTO) strategy. The capital is intended to support Prime Group’s ongoing initiatives, which include:
· The acquisition and development of high-value oil & gas assets in Africa.
· The execution of its non-operator investment model in partnership with global industry leaders.
· The final preparation for its intended SGX listing in 2026, aimed at transitioning Prime Group’s asset-backed portfolio into an institutional-grade, publicly-traded vehicle.
A Statement from Leadership: Mr. Karim Bouhout, Chairman and CEO of Prime Group, commented on the development: “The commitment from GEM Global Yield is a powerful endorsement of the Prime Group disciplined model and growth trajectory. This facility provides Prime Group with additional financial flexibility as we consolidate our assets, drive revaluation, and meticulously prepare for our public market debut. It aligns perfectly with the Prime Group commitment to building a transparent, scalable platform that connects tangible projects with global institutional capital.”
About Prime Group: Prime Group is a diversified international investment and trading platform headquartered in Singapore, focused on the development of oil, mining, and agricultural assets in Africa. Under a disciplined non-operator investment model, Prime Group partners with sovereign entities and global industrial leaders to build in-continent value addition and processing capacity. Prime Group is pursuing a reverse takeover (RTO) listing on the Singapore Exchange (SGX) targeted for 2026.
About GEM Global Yield LLC SCS: GEM Global Yield LLC SCS is part of the Global Emerging Markets (“GEM”) group, a $5 billion alternative investment firm with a focus on providing flexible capital solutions to public and private companies across global markets.
Forward-Looking Statements: This announcement contains forward-looking statements regarding future events and the financial performance of Prime Group. Such statements are subject to risks and uncertainties, including the successful negotiation and execution of definitive agreements, market conditions, and regulatory approvals.
