Kuwait’s KMEFIC acquires majority stake in Egypt’s Global Invest Securities

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KMEFIC became fully owned by Al Thekair General Trading & Contracting Company in 2020

Staff Writer, Mubasher

May 25, 2022

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Kuwait and Middle East Financial Investment (KMEFIC) has acquired 75% equity in Egypt’s Global Invest Securities Company.

KMEFIC acquired the Egyptian firm in exchange for approximately EGP 7 million, according to a recent bourse disclosure.

It is worth noting that the Kuwaiti company became fully owned by Al Thekair General Trading & Contracting Company in 2020.

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