CFH Group advises ATCO Group on Sale of 51% of Risal to ECG 

(MENAFN Press) Abdulrahman Al Turki Group ("ATCO Group") announces the sale of a 51% stake in its fully owned subsidiary Redland Industrial Services Arabia ("Risal") to Energy Capital Group ("ECG") based in the UK.CFH acted as the Financial Advisor to ATCO Group.

Risal is a leading company specializing in four main lines of service which include industrial cleaning, chemical cleaning & catalyst handling, waste management and environmental services. These services mostlyrelate to the oil and gas sector in the Kingdom of Saudi Arabia.ECG is a prominent private equity fund with various oil and gas investments in North America and the GCC.

Mr. Ziad Al Turki, the Vice Chairman of ATCO Groupcommented: "The Kingdom of Saudi Arabia, being the powerhouse of the MENA region, continues to attract interest from well-established regional and international private equity players. We are also convinced that this new venture willfoster the growth of Risal and will create significant value for the shareholders of both parties".

Mr. Fawzi Farah, the CEO of CFH Group commented: "KSA & the rest of the GCC countries continue to make significant investments in the oil and gas sector and in related industries. Equally important, are the recent laws that were promulgated in the GCC to facilitate foreign direct investmentsand to allow foreign companies to operate more freely in those countries". As such, Mr. Farah "believes that there are substantial and promising investment and business opportunitieswithin the GCC for international and regional companies to consider investments either in the form of joint ventures and/or in the form of direct investments."