Arab Finance: The extraordinary general assembly (EGM) of the Egyptian Kuwaiti Holding (EKH) approved amending article two of its articles of association to change the company’s name, according to a statement from the Egyptian Exchange (EGX).
Following the amendment, the company will operate under the new name Valmore Holding.
In the first quarter (Q1) of 2025, EKH registered 45.12% year-on-year (YoY) lower net profits after tax at $39.498 million, versus $71.976 million.
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.