Egypt Kuwait Holding's FV estimated at $1.61/share: Pharos

The company will allocate around $80mln to launch the pressed wood plant in Beni Suef


ArabFinance: Egypt Kuwait Holding (EKH) eyes to invest around $180 million (EGP 2.8 billion) during 2021.

The company will allocate around $80 million (EGP 1.25 billion) to launch the pressed wood plant in Beni Suef, in addition to expanding in other sectors including natural gas and electricity.

Pharos Holding estimated the fair value (FV) of EKH's share at $1.61 (EGP 25.31) per each, with an overweight recommendation.

EKH 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, Kuwait, South Sudan, and Syria.

*At press time, the conversion rate is $1 = EGP 15.72

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