EKH likely to disburse remaining investment amount end-2023

Updated 8/30/2023 12:47:00 PM
EKH likely to disburse remaining investment amount end-2023

Arab Finance: Egyptian Kuwaiti Holding (EKH) is expected to disburse the remaining amount dedicated for investments in 2023 by the end of the year, as per a filing.

The amount will be used to complete the drilling of two natural gas wells in North Sinai offshore concession and the MDF production plant project.

This is in addition to completing the works needed to shore up the operational capacity of the power plant and completing the purchase of minority stake in the firm’s subsidiaries.

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