Investor Presentaiton
RECENT DEVELOPMENTS
Increased Direct and Indirect
Ownership Stake in Alexfert to
75.13%
EKH recently announced increasing its stake in
Bawabet Al Kuwait Holding Co. to 94.34%,
following the purchase of an additional 9.45%
stake for USD 47.5 million.
As a result of the transaction, EKH's combined
direct and indirect stake in Alexfert now stands at
75.13%..
Kahraba Awarded EPC and O&M
Power Distribution Agreement with
Centamin
EKH's downstream energy player 'Kahraba' won
the tender issued by Centamin, the operator the
Sukari Gold Mine - one of the world's largest
producing gold mines - to build a 50MW onsite
substation and high-voltage power distribution
lines as well as a long-term contract for the
operation and maintenance of the facilities. This
is a landmark deal that cements Kahraba's
position as a key player in the energy
distribution sector in Egypt.
NOSPCO Awarded Preliminary
Approval to Extend Concession by a
Further 10 Years
EKH recently received preliminary approval to
extend its offshore concession by 10 years from
the date of final approval.
The extension is anticipated to allow NOSPCO to
continue operating its Offshore North Sinai
concession until 2034. NOSPCO is currently
finalizing the required regulatory approvals to
effectuate the extension.
B
FD6 production line commissioned
at Sprea
EKH has recently commissioned a new FD6
production line with an annual capacity of 50
KTPA, bringing total annual production capacity
to over 190 KTPA
Bedayti to open 10 new branches
Bedayti plans to open an additional 10 branches
throughout 2024, in an effort to capitalize on
the impressive performance seen since it first
commenced operations in Q1 2022
EKH
Egypt Kuwait Holding
Egypt Kuwait Holding | Investor Presentation
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