MEPEX names Global Equity International as financial partner
As part of the deal, Global Equity International will act as the exclusive financial partner for MEPEX and oversee capital raising, advisory and public listings for all of the MEPEX participants.
The Middle East Prospect Exhibition brings together companies in the Middle East’s energy sector and provides a marketplace for the buying, selling and financing of oil- and- gas-related projects and companies.
MEPEX had 280 oil- and- gas-related participants for its first exhibition in Bahrain and is looking to grow those numbers in the coming months and years. MEPEX aims to be a "one-stop shop" to conduct all energy and petroleum business in the MENA Region.
Peter Smith, CEO of Global Equity International Inc., said that, together, the two companies can become a significant force in the financing and listing of oil and gas companies in the Middle East.
“With their contact and relationship base and our experience we have a tremendous opportunity in a multi-billion dollar industry,” Smith said. “MEPEX is already a significant player in its sector and also in the region. The management completely understands the Middle East Oil and Gas landscape with a vast degree of experience on their executive committee.”
While, MEPEX Director Habib Al-Alawi said the new strategic partnership has the potential to take MEPEX to the next level.
“We can now offer a 'complete solution' from showcasing to funding these exploration and production opportunities and ultimately listing them on a recognized stock exchange,” Al-Alawi said. “Along with our new 24-7 online expo, we anticipate being able– via Global Equity Partners– to assist with providing investment and IPO opportunities to our members and exhibitors.”