Prime Group today formalized its strategic pathway to a public listing on the Singapore Exchange (SGX) in 2026. The listing, structured as a reverse takeover (RTO) of an existing SGX entity, is established as the definitive liquidity and transparency event for the Group’s institutional partners.
This action follows the Group’s $100 million strategic equity placement with Al Maktoum Finance and the finalization of investment frameworks with European consortia in Geneva, Luxembourg, and Frankfurt.
Strategic Rationale for a Singapore Listing
The selection of the SGX aligns with Prime Group’s operational headquarters and provides a regulatory framework recognized by its global investor base for its rigor and transparency. The public listing is designed to transition the Group’s asset-backed portfolio—spanning energy, mining, and agricultural development projects in Africa—into an institutional-grade, publicly-traded vehicle.
“The SGX listing is a structural component of our capital strategy, not an exit,” stated Karim Bouhout, Chairman and CEO of Prime Group. “It provides our foundational investors with a clear liquidity horizon and establishes a permanent capital base to fund the multi-decade development cycle of African resource sovereignty infrastructure. The market offers the appropriate discipline and visibility for our asset class.”
Pre-Listing Capital Deployment and Execution Focus
Proceeds from the pre-IPO capital raised are being deployed to accelerate the revaluation and development of core assets. This includes advancing the Group’s strategic role in the Lobito refinery project in Angola and consolidating additional energy and agricultural holdings.
The interim period leading to the 2026 listing will be focused exclusively on the execution of this project pipeline and the strengthening of the Group’s financial and governance architecture to meet public market standards.
A Bridge to Institutional Capital
The listing crystallizes Prime Group’s function as a bridge between tangible African infrastructure projects and global institutional capital markets. It represents the final step in creating a transparent, scalable, and replicable model for financing in-continent value addition.
About Prime Group Prime Group is a diversified international investment and trading platform focused on the development of oil, mining, and agricultural assets in Africa. Operating from its Singapore headquarters, the Group structures long-term partnerships to build sovereign processing and value-addition capacity.
