Deal Street

Verto Holding Ltd. Invests In Egyptian Company NDC
Verto Holding Ltd. Invests In Egyptian Company NDC

Verto Holding Ltd acquired 90 percent stake in Egyptian energy & utilities firm, National Drilling Company (NDC) in a deal worth USD 21.1 Mn. The executive chairman and managing director, Ahmed Rashad Mohamed, sold his entire 89 percent stake in NDC.

Established in 1981 as an Egyptian joint stock company (S.A.E), NDC provides oil field drilling services, rigs and related equipment, storage and trading of associated machineries and spare parts. The company also offers technical support for field drilling operations.