• Thursday, 16 July 2020

    Egypt Kuwait Holding resumes USD 20 mn share buyback

     The board of Egypt Kuwait Holding (EKH) approved resuming its USD 20 mn buyback program  to purchase 14.85 mn of its shares from the EGX, equivalent to 1.45% of the company’s total share capital, according to a regulatory filing (pdf)....
  • Wednesday, 18 March 2020

    EGX sell-off slows following CBE’s surprise rate cut

    EGX sell-off slows following CBE’s surprise rate cut: The benchmark EGX30 index dipped again yesterday, but at a slower pace Sunday and Monday as concern over the covid-19 outbreak continued to rattle the markets. The EGX30 fell 2.64% in the...
  • Tuesday, 19 November 2019

    Al Madar back in the running to acquire Emisal Salts stake?

    M&A WATCH- Is Al Madar back in the running to acquire Emisal Salts stake? A consortium of Kuwait’s Al Madar Finance & Investment Company and the Saudi Egyptian Industrial Investment Company (SEII) is considering whether to again bid for a...
  • Tuesday, 19 November 2019

    Al Madar back in the running to acquire Emisal Salts stake?

    M&A WATCH- Is Al Madar back in the running to acquire Emisal Salts stake? A consortium of Kuwait’s Al Madar Finance & Investment Company and the Saudi Egyptian Industrial Investment Company (SEII) is considering whether to again bid for a...
  • Monday, 23 September 2019

    Fair share value for Emisal acquisition set before end of month

    M&A WATCH- Fair share value for Emisal acquisition decided soon: A fair share value study for Emisal Salts will be ready before the end of September, Chemical Industries Holding Company (CIHC) Chairman Emad El Din Moustafa told the local press....
  • Monday, 2 September 2019

    Egypt Kuwait Holding’s NSCO begins production from second North Sinai well

    Egypt Kuwait Holding’s (EKH) NSCO Investments started production from its second North Sinai natural gas well on 29 August with an output of 20 mcf/d, the company said in a press release (pdf). The new well brings the company’s total...
  • Wednesday, 21 August 2019

    EKH to add 700k sheet production line to Sprea Misr

    Egypt Kuwait Holding (EKH) plans to add a new production line to its subsidiary, Sprea Misr, towards the end of 2019, according to government sources. The new line will have a capacity of 700k sheets.
  • Thursday, 8 August 2019

    Earnings watch: GB Auto, Egypt Kuwait Holding, Talaat Moustafa Group

    EARNINGS WATCH- GB Auto turns net loss in 2Q2019 as competition with zero-tariff EU imports bites: GB Auto posted a net loss of EGP 8.9 mn in 2Q2019, with revenues falling 6.3% y-o-y, according to a company earnings release (pdf)....
  • Wednesday, 31 July 2019

    Egypt Kuwait Holding closer to acquiring Emisal Salts

    M&A WATCH- EKH closer to acquiring Emisal Salts: Egypt Kuwait Holding has reached an agreement with the National Bank of Egypt (NBE) and the Chemical Industries Holding Company (CIHC) to acquire a 52.8% stake in Emisal Salts, unnamed sources told...

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