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Saudi Firm Eyes Capricorn Energy Takeover | Glasgow News
Description
Saudi firm Alamdiyaf al-Masiyyah is on the verge of acquiring Edinburgh-based Capricorn Energy, with a final decision looming until July 29th—potentially reshaping the company’s Egyptian oil and gas assets, originally bought from Shell. Despite a strong financial track record and recent profits, Capricorn remains in a holding pattern as the Saudi buyer scrambles to secure funding. With global energy prices surging and strategic deals on the rise, this high-stakes negotiation could redefine Capricorn’s future—or leave it in limbo.
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