EKH inks $47.5M deal to raise stake in Bawabet Al Kuwait Holding

Updated 10/29/2023 11:25:00 AM
EKH inks $47.5M deal to raise stake in Bawabet Al Kuwait Holding

Arab Finance: Egyptian Kuwaiti Holding (EKH) penned a binding agreement with a Kuwaiti firm to buy its 9.45% stake in Bawabet Al Kuwait Holding Company in a deal worth $47.5 million, as per disclosure on October 29th.

After the transaction, EKH will own 94.34% of Bawabet Al Kuwait, up from 84.89%.

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.

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