Valmore Holding (VLMRA)

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News

25 March 2018 11:36 AM Boursa Kuwait nods to KWD 1.6m private transaction on EKH

Mubasher: Boursa Kuwait has issued its approval to execute a private transaction on Egypt Kuwait Holding (EKH), according to a bourse filing on Sunday. The private transaction includes 5.9 million shares and is valued at KWD 0.270 each or a total …

Trading Activities

5 March 2018 03:12 PM EKH executes EGP 117m buy transaction on Delta Insurance

Cairo – Mubasher: The Egyptian Stock Exchange (EGX) said that an offer was executed by Egypt Kuwait Holding (EKH) to compulsory purchase the shares of Delta Insurance for a total value of EGP 116.8 million. The transaction was executed on 5.8 …

Corporate Actions

26 February 2018 04:31 PM EKH to invest $110m in drilling 5 wells

Cairo – Mubasher: Egypt Kuwait Holding (EKH) mulls drilling five wells in 2018 at a total value of $110 million, according to a bourse statement on Monday. The company, which is listed on Boursa Kuwait and the Egyptian Stock Exchange (EGX), has …

Companies Investments

20 February 2018 00:58 PM EKH’s unit raises stake in NSCO Investments

Cairo – Mubasher: Egypt Kuwait Holding (EKH) on Tuesday said that one of its subsidiaries has increased its stake in NSCO Investments Limited, which owns an offshore gas field in Northern Sinai. EKH’s unit has raised its stake to 99.997% from 40% …

Macroeconomics

18 February 2018 03:40 PM EKH profits leap to $138m in FY17 on higher revenues

Cairo – Mubasher: Egypt Kuwait Holding (EKH) achieved a surge of 92.7% in profits during fiscal year 2017 compared to the previous year. EKH’s consolidated earnings soared to $138.18 million in FY17 from $71.7 million in FY16, according to a …

Financial Results

4 February 2018 04:08 PM EGX approves EK holding’s request to acquire Delta Insurance

Cairo – Mubasher: The Egyptian Exchange (EGX) has approved to start implementing Egypt Kuwait Holding’s (EK holding) compulsory buyout of Delta Insurance’s shares during the period from 4 February to 1 March 2018. The transaction will be valid for …

Corporate Actions

2 January 2018 04:03 PM EK holding to complete Delta Insurance acquisition in Q1-18

Cairo –Mubasher: Egypt Kuwait Holding’s (EK holding) is expected to complete the acquisition of Delta Insurance at a proposed price of EGP 20 per share in the first quarter of 2018, Reuters reported, citing EK Holding's senior investor relations …

Mergers and Acquisitions

2 January 2018 02:46 PM EK Holding’s hits 3-yr high on Delta Insurance acquisition

By: Heba El-Kordy Cairo – Mubasher: Egypt Kuwait Holding’s (EK holding) stock hit its highest level since November 2014 after the firm obtained the regulators' approval to acquire Delta Insurance. EK Holding last announced that it would acquire …

Mergers and Acquisitions

15 November 2017 00:10 PM EK Holding profits soar 278% in 9M

Mubasher: Egypt Kuwait Holding, the company listed on Boursa Kuwait and the Egyptian Exchange (EGX), on Wednesday reported a 278% year-on-year surge in its third-quarter profits. Net profit amounted to KWD 10.6 million ($35.1 million) in Q3-17, …

Financial Results

16 October 2017 00:22 PM Pharos upgrades EKH FV to $0.89/share

Cairo – Mubasher: Pharos Holding Research on Monday upgraded the fair value (FV) for Egypt Kuwait Holding (EKH) to $0.89 per share from $0.86 per share. This came as a result of the completion of EKH’s 15% stake sale in I-Squared Capital …

Stock Evaluations

11 October 2017 11:10 AM EK Holding posts $30m profits on I Squared Capital Fund exit

Mubasher: Egypt Kuwait Holding (EK Holding) said that a profit worth $30 million (KWD 9 million) was realised from exiting I Squared Capital Fund, according to a bourse statement issued on Wednesday. On Tuesday, the company, which is listed on …

Companies Investments

10 October 2017 10:29 AM EK Holding sells 15% stake in "I Squared Capital Fund" at $60m

Kuwait – Mubasher: Egypt Kuwait Holding on Tuesday said that it sold its 15% stake in “I Squared Capital Fund” at a value of $60 million, according to a statement to Boursa Kuwait. The transaction was implemented on Monday’s evening. In 13 August, …

Corporate Actions

28 September 2017 05:02 PM EK Holding private transaction sealed Thursday

Mubasher: Boursa Kuwait announced that a private transaction was executed on Egypt Kuwait Holding (EK Holding) with a total of 18.92 million traded shares by the end of Thursday’s trading session. The total value of this private transaction stood …

Trading Activities

28 September 2017 01:24 PM EK Holding sees KWD 3.42m private transaction

Mubasher: Boursa Kuwait announced its approval for the Egypt Kuwait Holding’s (EK Holding) request to execute a private transaction including 18.89 million shares. The value of this transaction is KWD 0.181 per share, with a total value of KWD …

Stock Evaluations

11 September 2017 04:14 PM Boursa Kuwait nods to KWD 3.3m Egypt Kuwait private deal

Mubasher: Boursa Kuwait on Monday approved Egypt Kuwait Holding’s request to execute a private transaction with a total volume of 18.73 million shares. The transaction is worth a total of KWD 3.3 million or KWD 0.176 per share, according to a …

Trading Activities

14 August 2017 10:09 AM EK Holding profits up in Q2

Kuwait – Mubasher: Egypt Kuwait Holding (EK Holding), listed on Kuwait’s and Egypt’s bourses, posted a 24.8% year-on-year rise in its profits during the second quarter of 2017. Profits reached KWD 4.13 million ($13.71 million) in Q2-17, compared …

Financial Results

21 July 2017 01:21 PM EKH to raise investments in Egypt - Chairman

Cairo - Mubasher: The chairman and managing director of Egypt Kuwait Holding Company (EKH), Al Moataz Al Alfi, said that he intends to increase his investments in the upcoming period. Al Alfi added during his meeting with the Egyptian minister of …

Macroeconomics

15 May 2017 09:18 AM EK Holding posts KWD 6.7m profits in 3M

Kuwait – Mubasher: Egypt Kuwait Holding (EK Holding) on Monday disclosed its results for the first quarter of 2017, noting that it achieved a year-on-year profit increase of 3.6%. Profits rose to KWD 6.65 million ($21.79 million) in the first …

Financial Results

10 May 2017 11:46 AM EK Holding unit offers to acquire stake National Maize Products

Cairo – Mubasher: National Company for Maize Products said Wednesday that Misr Financial Investments has received an initial offer from International Financial Investments to acquire its stake in National Maize Products. The offer is non-binding …

Mergers and Acquisitions

19 March 2017 10:29 AM Egypt Kuwait Holding nods to FY16 dividends

Mubasher: The ordinary general meeting (OGM) of Egypt Kuwait Holding approved the board’s recommendation of distributing 12.5% cash dividends for fiscal year 2016. The company, which is listed on both Boursa Kuwait and the Egyptian Exchange (EGX), …

Corporate Actions

2 March 2017 00:19 AM Pharos Research maintains EKHO FV at $0.7/shr

Cairo - Mubasher: Pharos Research has maintained its current fair value (FV) of Egypt Kuwait Holding (EKHO) at $0.70, with an “Overweight” recommendation on the stock. The research firm is currently updating the valuation to reflect recent …

Stock Evaluations

1 March 2017 10:20 AM EK Holding swings to profit in Q4

Kuwait – Mubasher: Egypt Kuwait Holding turned profitable in the fourth quarter of 2016, according to a bourse statement. Profits reached $12.18 million in Q4-16, against losses of $4.14 million in Q4-15. The company generated $53.54 million in …

Financial Results

6 December 2016 05:44 PM EK Holding says establishment of MDF plant under study

Cairo – Mubasher: Egypt Kuwait Holding still studies the establishment of Medium-Density Fiberboard (MDF) plant, said a bourse filling. The company currently prepares the project’s feasibility study to determine the extent of its profitability, …

Companies Investments

16 November 2016 01:41 PM EK Holding profits hike 190% in Q3

Cairo – Mubasher: Egypt Kuwait Holding (EK) reported a 190% surge in net profits for the third quarter of 2016. The company's profits reached $15.3 million for Q3-2016, up from $5.27 million for the same period of the previous year, according to a …

Financial Results

23 August 2016 10:57 AM Pharos sets EK holding FV, forecasts FY16 dividend payout

Mubasher: Pharos Research maintained a 'Buy' recommendation on Egypt Kuwait Holding (EK Holding), setting the stock's fair value (FV) at $0.51 per share, according to a report issued on Monday. This outlook was driven by the clear business model …

Ratings