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  • Seeking a Partner for Petroleum Products Trading Company
Seeking a Partner for Petroleum Products Trading Company

Seeking a Partner for Petroleum Products Trading Company

  • BXB Listing ID :

    13963
  • Type :

    Raise Capital
  • Business Type:

    Startup
  • Business Name:

    Seeking a Partner for Petroleum Products Trading Company
  • Country:

    United Arab Emirates
  • State:

    Sharjah
  • Area:

    Hamriyah Free Zone
  • Asking Price:

    900,000 AED
  • No of Employees:

  • Year Established:

    2021
  • Trade Licence:

    Free Zone
  • Real Estate:

    Leased by the Business
  • Lease Terms:

    Annual
        Looking_for_investors_for_Petroleum_Products_Trading_Company_1662021111428

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      Business Overview

      Petroleum Products trading start-up in the UAE seeking a partner to fund working capital requirements. A select portfolio of products, including Gasoil and Base Oils, is to be sourced directly from local UAE refineries such as ADNOC and ENOC, stored and traded in the local, as well as the export markets. Any working capital provided by the new partner shall be treated as a loan to the business and shall be fully collateralised and secured against inventory stored in a leased tank facility in Hamriya Free Zone. Minimum AED 750,000 will be the initial working capital requirement for the purchase of inventory. 50 % of the shares in the new venture are available for sale to the new partner, subject to separate pricing and terms and conditions to be agreed.

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