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Egypt Kuwait Holding to change trading currency of EGX-listed shares

Egypt Kuwait Holding to change trading currency of EGX-listed shares
Egypt Kuwait Holding achieved net profits of $116.296 million in 2020
EKH
EKHO
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Cairo – Mubasher: The extraordinary general meeting (EGM) of Egypt Kuwait Holding (EKH) approved the board’s proposal to change the trading currency of listed shares on the Egyptian Exchange (EGX) to the Egyptian pound for willing shareholders.

The shareholders authorised the chairman to open the door for requests for changing the trading currency from the US dollar to the Egyptian pound, the company said in a bourse disclosure on Wednesday.

In addition, the ordinary general meeting (OGM) approved a decision not to pay more dividends for 2020 other than those approved by the shareholders on 27 December 2020.

During 2020, Egypt Kuwait Holding achieved net profits of $116.296 million, up from $115.601 million a year earlier, including minority shareholders’ rights.