In July 1961 the government of the United Arab Republic acquired 50% shareholding of the company. It was renamed as the Al Nasr Oilfields Company on 4 January 1962, and was converted into a United Arab Republic Company.[3] It seems to have been nationalised in 1964, and news reports cite Nasser's seizing in 1964[4] while Skinner's Oil and petroleum year book suggests 1951 control.[5]