Egypt Kuwait Holding (EKH), established in 1997 by a consortium of prominent Kuwaiti and Egyptian businessmen including the former Chairman, late Mr. Nasser Al-Kharafi, is set to initiate the soft launch of its new medium-density fiberboard (MDF) production line facility in Egypt, with investments totaling $120 million.
EKH has become one of the fastest-growing direct investment companies in the Middle East and Africa, with a portfolio of investments consisting of more than 20 companies operating across five main sectors: Fertilizers and Petrochemicals, Upstream Gas, Gas Distribution, Power Generation, and Insurance.
During a meeting between EKH’s chairman, Loay Jassim Al-Kharafi, and Egyptian Prime Minister Moustafa Madbouly in Cairo, discussions centered on further investment prospects in Egypt. Al-Kharafi expressed the company’s commitment to ongoing expansion initiatives in the country, highlighting EKH’s ability to drive revenue growth and margin expansion over the past decades as a testament to the resilience of its strategy and the dedication of its employees.
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