Egyptian Kuwaiti Holding to invests $500mln in 5 years

The $300-million investment plan announced earlier is about to finalize by the end of 2021: CEO

  
Image used for illustrative purpose. In this Photo Illustration, Twenty and five dollar bills are displayed on August 29, 2017 in San Anselmo, California.

Image used for illustrative purpose. In this Photo Illustration, Twenty and five dollar bills are displayed on August 29, 2017 in San Anselmo, California.

Gettyimages/Justin Sulliva
 

Egypt - Egyptian Kuwaiti Holding (EKH) will invest about $500 million in the next five years, at $100 million yearly, EKH’s CEO Sherif El-Zayat said to Al Mal.

The $300-million investment plan announced earlier is about to finalize by the end of 2021, Zayat said.

The listed company allocated $100 million to seize any acquisition opportunities during the upcoming period, in order to increase its stake in Alexandria Fertilizer Company (ALEXFERT) to 55% from 45% with $60 million.

EKH applied for a license, to the Financial Regulatory Authority, to establish a microfinancing entity under the name of Bedayti.

Egyptian Kuwaiti Holding is an Egypt-based investment company with a diversified portfolio of investments in sectors, including fertilizers and petrochemicals, energy, insurance, manufacturing, information technology, transport, and infrastructure.

The company has investments in 20 companies across five countries, including Egypt and Kuwait.

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