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4-Traders Homepage  >  Equities  >  CAIRO AND ALEXANDRIA STOCK EXCHANGE  >  Egypt Kuwait Holding Company    EKHO   EGS69082C013

EGYPT KUWAIT HOLDING COMPANY (EKHO)
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OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Egypt Kuwait : ink EGP 5bn deals

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03/13/2018 | 06:31pm CEST

Egypt, Kuwait ink EGP 5bn deals

Cairo – Mubasher: Egyptian investment minister Sahar Nasr has signed five agreements worth a combined of KWD 86.1 million (EGP 5 billion) with the director general of Kuwait Fund for Arab Economic Development (KFAED) Abulwahab Al-Bader to bolster the Sinai Peninsula’s development programme.

The first agreement, valued at KWD 60 million, will be used to finance Sharm El Sheikh’s tunnel road project, according to a statement by the ministry on Tuesday.

The second deal, worth KWD 17.5 million, will be allocated for financing a road project that aims at improving transportation inside Sinai, as well as between the peninsula and the other regional units of Egypt.

The third deal is a KWD 500,000 grant to support the second phase of the strategic documents centres’ activities and bolster the Egyptian Cabinet’s decisions, as well as documenting economic and social reform programmes in Egypt, according to the statement.

The fourth deal is a KWD 100,000 grant to study the palm cultivation and date production project in Egypt by benefiting from the groundwater reserve in agriculture, introducing new technologies through producing innovative industries, and creating new jobs.

The fifth agreement, worth KWD 7 million, aims at supporting the transport sector, upgrading the train fleet, and financing 100 new tractors in the railway sector.

The KFAED has financed around 45 projects in Egypt now in the fields of electricity, transport, industry, and water with a total $2.8 billion in funds, in addition to grants and technical support of $13.5 million, Al-Bader indicated.

Source: Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( EGP)
Sales 2018 8 387 M
EBIT 2018 2 450 M
Net income 2018 1 843 M
Finance 2018 1 675 M
Yield 2018 4,13%
P/E ratio 2018 11,17
P/E ratio 2019 9,37
EV / Sales 2018 2,30x
EV / Sales 2019 2,00x
Capitalization 20 994 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 23,4  EGP
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
Al-Moataz Adel Mahmoud Al-Alfi Chairman & Co-Chief Executive Officer
Sherif Alaa Ahmed Hassan El-Zayat Co-Chief Executive Officer & Executive Director
Medhat Bonna Group Chief Financial & Administrative Officer
Ayman Ibrahim Abdel Meguid Laz Non-Executive Director
Abdel Mohsen Ibrahim Al-Fares Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
EGYPT KUWAIT HOLDING COMPANY1 178
ROYAL DUTCH SHELL7.14%288 042
PETROCHINA COMPANY-9.77%197 104
TOTAL11.30%156 675
EQUINOR22.32%88 061
ENI11.84%66 221