January 21, 2021 finance & economy

Egypt Kuwait Holding's FV estimated at $1.61/share: Pharos


ArabFinance: Egypt Kuwait Holding (EKH) eyes to invest around $180 million (EGP 2.8 billion) during 2021.

The company will allocate around $80 million (EGP 1.25 billion) to launch the pressed wood plant in Beni Suef, in addition to expanding in other sectors including natural gas and electricity.

Pharos Holding estimated the fair value (FV) of EKH's share at $1.61 (EGP 25.31) per each, with an overweight recommendation.

EKH 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.

The company has investments in 20 companies across five countries, including Egypt, Kuwait, South Sudan, and Syria.

arabfinance



Top News



finance & economy

Smiths Detection Equips Phoenix Suns Are...
February 25, 2021
SES Extends Long-Term Partnership With S...
February 25, 2021
Poplar Co. Ltd Switches to Rimini Street...
February 25, 2021