Prime Group, a Singapore-headquartered international investment platform, today announced that it has received a committed proposal for a SGD 220 million Share Subscription Facility from GEM Global Yield LLC SCS (GEM), a leading global alternative investment firm.
The proposed facility follows recent equity commitments secured by Prime Group and is viewed as a further vote of confidence in the company’s asset-backed growth strategy and its intention to pursue a public listing on the Singapore Exchange (SGX) in 2026.
Flexible Access to Growth Capital
The facility structure allows Prime Group, at its discretion, to issue new ordinary shares to GEM in exchange for capital drawdowns, with pricing linked to prevailing market levels. This mechanism is intended to provide Prime Group with efficient and flexible access to funding to support operations and growth.
Supporting Strategic Expansion Priorities
Prime Group anticipates directing proceeds toward several key business initiatives, including:
– The acquisition and advancement of oil and gas assets across Africa
– Further expansion of its non-operator investment model in collaboration with global energy partners
– Continued preparation for its reverse takeover (RTO) transaction and planned SGX listing in 2026
Leadership Commentary:
Prime Group Chairman and CEO Karim Bouhout stated that the facility provides additional financial optionality as the company strengthens its asset base and prepares for the transition to public markets, adding that the commitment reflects confidence in the Group’s disciplined business model.
About Prime Group
Prime Group is a diversified international investment and trading platform headquartered in Singapore. The Group focuses on developing oil, mining, and agricultural assets in Africa through a strategic non-operator investment model, partnering with sovereign stakeholders and global industrial leaders to build value-added processing and production capacity in-continent. Prime Group is in the process of pursuing a reverse takeover (RTO) listing on the Singapore Exchange (SGX), targeted for 2026.
About GEM Global Yield LLC SCS
GEM Global Yield LLC SCS is part of the Global Emerging Markets (GEM) group, a multi-billion-dollar alternative investment firm providing flexible capital solutions to growth-stage public and private companies worldwide.
Forward-Looking Statements
This release contains forward-looking statements regarding Prime Group’s strategic plans and future performance. These statements involve risks and uncertainties, including market conditions, completion of definitive agreements, and regulatory approvals. Actual outcomes may differ materially.
