• Thursday, 23 February 2023

    THIS EVENING: EKH to invest USD 170 mn this year + A Norway-backed electricity interconnection project could be in the works

    Good afternoon, ladies and gentlemen, and a very happy THURSDAY to all of you. After what felt like a particularly long workweek, we are so ready for the weekend.THE BIG STORIES TODAY– #1- Egypt Kuwait Holding plans to invest USD...
  • Tuesday, 15 November 2022

    Edita, GB Auto, e-Finance, ODE and EKH report 3Q 2022 earnings

    Bold-name companies were in with buzzer-beaters as 3Q earnings season winds down. Real estate players continued to post strong results, as have food, investment, automotive, consumer finance and payments players. Here’s the rundown:EDITA Edita Food Industries reported record net income...
  • Thursday, 12 May 2022

    German fiberboard maker enters Egypt through JV with Egypt Kuwait Holding

    German fiberboard producer Homann Holzwerkstoffe is acquiring a 27% stake in Egypt Kuwait Holding (EKH)’s subsidiary Global MDF Industries, EKH announced in a statement (pdf) yesterday. The transaction is part of an agreement launching a new JV between Homann Holzwerkstoffe...
  • Monday, 20 September 2021

    THIS MORNING: EGP EKH shares hit the EGX; Property IDs coming later this year; El Sisi to address UN tomorrow?

    Good morning, ladies and gents— Before we get down to business, a reminder:EGP-denominated shares in Egypt-Kuwait Holding (EKH) began trading on the EGX yesterday, the company said in a press release (pdf). More than two-thirds (68%) of all investors holding...
  • Wednesday, 15 September 2021

    EGX up 2.8% YTD

    The EGX30 fell 0.3% at today’s close on turnover of EGP 1.6 bn (3.6% above the 90-day average). Foreign investors were net sellers. The index is up 2.8% YTD.In the green: Cleopatra Hospitals (+5.9%), Ezz Steel (+2.9%) and EKH (+1.7%).In...
  • Tuesday, 24 August 2021

    EKH plans five year, USD 500 mn investment drive

    Egypt Kuwait Holding (EKH) plans to invest a total of USD 500 mn over the next five years. The investment company — which is dual-listed on the Egyptian and Kuwaiti stock exchanges — is looking to deploy USD 100 mn...
  • Monday, 23 August 2021

    EKH to establish microfinance firm Bedayti by 4Q2021, eyes consumer finance

    Egypt Kuwait Holding (EKH) plans to expand its footprint in financial services by establishing a microfinance firm called Bedayti during 4Q2021, source from EKH told Enterprise. The holding company has received initial approval to set up the lender from the...
  • Wednesday, 7 July 2021

    EKH vice chairman resigns

    Egypt Kuwait Holding has approved the resignation of its vice chairman, Loay Al Kharafi (bio), the listed company said in a statement (pdf). Al Kharafi has served as the company’s vice chairman since 2012. It is unknown who will replace...
  • Tuesday, 15 June 2021

    An EGP share with USD dividends?

    Egypt Kuwait Holding (EKH) stockholders can now apply to convert the trading currency of their shares to EGP from USD, the company announced in a bourse disclosure (pdf) yesterday. The window is open for the next three months and could...

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.