The Banking Executive Magazine - August 2021

Egyptian Kuwaiti Holding Egyptian Kuwaiti Holding TO INVESTS $500MLN IN 5 YEARS 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. 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 op- portunities during the upcoming pe- riod, to increase its stake in Alexan- dria Fertilizer Company (ALEXFERT) to 55% from 45% by $60 million. EKH applied for a license, to the Fi- nancial Regulatory Authority, to es- tablish a microfinancing entity under the name of Bedayti. Egyptian Kuwaiti Holding is an Egypt-based investment company with a diversified portfolio of invest- ments in sectors, including fertilizers and petrochemicals, energy, insur- ance, manufacturing, information technology, transport, and infrastruc- ture. The company has investments in 20 companies across five countries, in- cluding Egypt and Kuwait. the BANKING EXECUTIVE 26 ISSUE 152 AUGUST 2021