Prime Group Singapore announced that Al Maktoum Finance, operating under the Office of H.H. Sheikh AbdulHakim Al Maktoum Group Holdings, has signed an acquisition agreement for USD 100 million worth of equity in Prime Group. The landmark transaction to be executed through Al Maktoum Finance’s Capital Protection Division, establishes a major strategic position in Prime Group as it advances its energy expansion initiatives across Africa.
The USD 100 million share acquisition serves as a cornerstone pre-IPO investment supporting Prime Group’s large-scale acquisition of high-value oil and gas assets throughout the African continent. This capital position directly fuels the group’s asset development phase ahead of its planned Reverse Takeover (RTO) and subsequent listing on the Singapore Exchange (SGX), scheduled for 2026.
The transaction strengthens Prime Group’s broader strategy to consolidate, develop, and capitalize its African energy portfolio within a transparent, SGX-listed structure — targeting a projected 10x return on investment within 18 months following the public listing.
A spokesperson for Al Maktoum Finance’s Capital Protection Division stated:
“Our mission is to position our Holding Group in world-class growth business opportunities. Prime Group’s disciplined investment model, proven non-operator strategy, and commitment to advancing Africa’s economic sovereignty align precisely with our mandate.
This acquisition of strategic energy assets — projected to drive more than 300% revenue growth — stands as a cornerstone in Prime Group’s long-term expansion plan and a powerful value-creation opportunity for our investors.”
Prime Group CEO Karim Bouhout welcomed the investment, noting:
“This signed agreement with Al Maktoum Finance represents a major vote of confidence in our asset-backed growth strategy and our trajectory toward a public listing. Partnering with such a prestigious institution reinforces the credibility of our operational model and our ability to unlock meaningful value across Africa’s resource sector. This capital infusion accelerates our development roadmap — including asset revaluation and a strategic bond issuance — aimed at supporting energy independence and economic growth for our host nations.”
About Prime Group
Prime Group is a diversified international investment and trading platform headquartered in Singapore, focusing on oil, mining, and agricultural projects across Africa. Led by CEO Karim Bouhout, the Group is committed to fostering sustainable development and economic sovereignty across the continent. Prime Group operates under a disciplined non-operator investment model, partnering with leading institutions such as China National Petroleum Corporation (CNPC) to deliver strong, risk-adjusted returns.
