Milan (Italy), 23 July 2026 — Arkad SpA announces that it is among the beneficiaries of a US$200 million financing facility arranged by African Export-Import Bank (Afreximbank) in favour of Shoreline Power Company Limited and its co-borrowers. This achievement reinforces Arkad SpA’s capacity to support the execution of large-scale EPC projects, strengthening its position as a trusted partner in the development of energy and infrastructure initiatives across the African continent.

The facility enhances Arkad’s ability to issue performance guarantees, secure advance-payment guarantees and strengthen working capital throughout the execution of complex EPC contracts.

This financing represents an important milestone in Arkad’s long-term growth strategy, reinforcing its ability to execute large-scale industrial and energy infrastructure projects while expanding its presence across African markets.

Kola Karim, Chairman of Shoreline Group, said:

“This is a defining transaction for Shoreline and Arkad. We are building Arkad as an African-sponsored engineering platform capable of competing at the highest level, and it is now delivering against a billion-dollar energy contract. Afreximbank’s US$200 million commitment gives the platform the financial strength to match its engineering capability and pursue further major infrastructure mandates. It demonstrates that African enterprises can assemble the capital, capability and partnerships required to compete for infrastructure at international scale.”

Hassi Bir Rekaiz Phase 2a

Arkad holds 44 per cent of the approximately US$1 billion EPCCS-1 contract awarded by Groupement Hassi Bir Rekaiz (GHBR) to an unincorporated consortium led by Egypt’s Petrojet, which holds 56 per cent. EPCCS-1 covers engineering, procurement, construction, commissioning and start-up for the Phase 2a central processing facility and related infrastructure at the Hassi Bir Rekaiz field in Algeria’s Berkine Basin.

GHBR is the joint operating entity for the licence, held by Sonatrach with 51 per cent and Thailand’s PTTEP with 49 per cent. The project includes a new crude oil processing facility with capacity of 31,500 barrels per day, facilities for associated gas and produced-water treatment, approximately 217 kilometres of pipelines and the brownfield modifications required to integrate existing Phase 1 infrastructure. The facilities are designed to support later expansion to 63,000 barrels per day under Phase 2b.

Andrea Brunetti, Chief Executive Officer of Arkad S.p.A., said:

“This financing addresses the instruments that determine whether an EPC contractor can execute at scale: performance guarantees, advance payment guarantees and working capital through the project cycle. Hassi Bir Rekaiz is a demanding scope, combining a new central processing facility, associated treatment systems, pipelines and brownfield integration. With Petrojet, and with the support of Shoreline and Afreximbank, Arkad is focused on disciplined delivery against the project’s safety, quality and schedule requirements.”

The Afreximbank financing provides a solid foundation for the successful delivery of ongoing projects and supports Arkad’s ambitions for future growth.