Finance
London-listed capricorn energy gets takeover proposals from unit of saudi's cafani group
Published by Global Banking & Finance Review®
Posted on March 11, 2026
1 min readLast updated: March 11, 2026
Quick Summary
London-listed Capricorn Energy has received multiple non-binding, all-cash takeover proposals from Alamadiyaf al‑Masiyyah, an investment vehicle linked to Saudi’s Cafani Group. Talks are ongoing, and under UK takeover rules a firm offer must be announced by April 8, 2026.
Capricorn Energy Receives Multiple Takeover Bids from Cafani Group Unit
Capricorn Energy Confirms Takeover Proposals from Alamadiyaf al-Masiyyah
Details of the Takeover Proposals
March 11 (Reuters) - Oil producer Capricorn Energy said on Wednesday it has received multiple non-binding takeover proposals from Alamadiyaf al-Masiyyah, a Cafani Group-affiliated investment vehicle, for a possible all-cash deal.
Capricorn did not disclose the proposed terms, nor immediately respond to Reuters' queries for additional details.
Background on Cafani Group
The Cafani Group is a privately owned Saudi investment company headquartered in Jeddah.
Current Status of Negotiations
In its statement, the UK-based firm said it was seeking clarity on the Saudi-based company's funding arrangements and that talks were still ongoing.
Board Evaluation and Due Diligence
"Board has evaluated the possible offer with its financial and legal advisers and has provided due diligence access to Alamadiyaf al-Masiyyah," Capricorn said.
Regulatory Requirements and Timeline
According to the UK's takeover rules, the Cafani Group-owned company must either announce a firm intention to make an offer for Capricorn by April 8 or walk away.
(Reporting by DhanushVignesh Babu in Bengaluru; Editing by Jonathan Ananda)
Key Takeaways
- •Capricorn Energy, a UK‑listed oil producer, has received unsolicited non‑binding takeover proposals from Alamadiyaf al‑Masiyyah, affiliated with Saudi’s Cafani Group, for an all‑cash deal under review with advisers and diligence underway (investing.com)
- •Under UK’s City Code on Takeovers and Mergers, the acquirer must announce firm intention or withdraw by 5 pm on April 8, 2026, unless the deadline is extended with regulator’s consent (investing.com)
- •Capricorn Energy’s market capitalization is modest—around £0.17 billion as of February 2026—underscoring its appeal as a possible acquisition target for a capital‑rich Saudi investment vehicle (companiesmarketcap.com)
References
Frequently Asked Questions about London-listed Capricorn Energy gets takeover proposals from unit of Saudi's Cafani Group
1Who has made takeover proposals for Capricorn Energy?
Capricorn Energy has received multiple non-binding takeover proposals from Alamadiyaf al-Masiyyah, an investment vehicle affiliated with Saudi Arabia's Cafani Group.
2What type of deal has been proposed for Capricorn Energy?
The proposals are for a possible all-cash deal, although terms have not yet been disclosed.
3What is Capricorn Energy's current response to the proposals?
Capricorn Energy is seeking clarity on the Saudi company's funding arrangements and is still in ongoing talks.
4What is the deadline for a firm offer announcement?
The Cafani Group-owned company must either make a firm offer by April 8 or withdraw its interest according to UK takeover rules.
5Where is the Cafani Group headquartered?
The Cafani Group, which owns Alamadiyaf al-Masiyyah, is a privately owned investment company headquartered in Jeddah, Saudi Arabia.
