Introduction
Drexel Oilfield Equipment (Egypt) was established in 1976 and acquired by Sahara Group in partnership with Ayman Hussein in 1994. In 2016, the Hussein family took full ownership and purchased Drexel under the umbrella of Sky Investments.
Drexel is a privately owned free zone company, specializing in representation and project management services. In order to fully support our business partners and ensure complete functionality, Drexel has also become an expert in logistics and related support services including freight forwarding, clearance and transportation, warehousing, invoicing and cash management, safety equipment and services, local and international procurement, systems and procedures, marketing and legal consultation, administrative support, among others.
Customers serviced by Drexel include joint venture petroleum and gas, international exploration, production and service companies.
Investors
Sky Investments, the parent company of Drexel Oilfield Equipment, was established in 1997 by the Hussein family with a paid capital of over EGP 300 million. Since its founding Sky has been developing businesses in diverse sectors including energy, distribution &logistics and real estate.
Sky Investments and Drexel Oilfield Equipment have a strong and stable financial foundation based on a diverse portfolio of investments and operations.
Financial Highlights
During the past decade, Drexel fully participated in the strong macroeconomic growth that coincided with peak oil prices, achieving revenues of over 60 Million USD in 2008.
While revenues have come under some pressures specific to Egypt in recent years, it is noteworthy that the company has actually maintained its curve against key macro indicators. Despite the headwinds of the Arab Spring in Egypt and across the MENA region….
