Arab Finance: Egyptian Kuwaiti Holding (EKH) has strategically invested $250 million in improving its products and services and taking over promising opportunities in the market, according to an emailed press release.

Moreover, EKH has recorded revenues of $801 million in 2023, surpassing the pre-Ukraine war historical averages.

The company also reported a 25.67% year-on-year (YoY) decline in consolidated profits excluding minority interest during 2023, registering $179.176 million, compared to $241.062 million, according to the financial statements filed to the Egyptian Exchange (EGX) on February 25th.

The company registered a standalone net profit after tax of $81.279 million during the January-December period of last year, compared to net profits of $86.186 million in 2022.

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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