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5508 Subject |
122 مليزن دولار رأس مال الشركة القابضة المصرية الكويتية واستثمارات ضخمة لناصر الخرافي في مصر Egypt investment climate highly praised by the highly reputed Mr. Nasser Al Kharafi, Chairman of the Egyptian Kuwaiti Holding Co. |
| Date Published | Friday, March 05, 2004 |
| Source Name | Al-Ahram |
| Location Name | Cairo |
| Description | Board of Directors of the Egyptian Kuwaiti Holding Co. SAE, capitalized at $ 122 million, fully paid up, has recently endorsed its financial statements for year 2003 showing $ 23.5 million net profits, marking 35 % growth above their level in 2002. Company Chairman, highly seen Mr. Nasser Al Kharafi, was quoted in the media saying Egypt investment climate has greatly contributed to the said results. Company profits, since established in 1998, reached $ 138 million, representing almost 115 % of paid up capital, of which cash dividends reached $ 51 million. Apart from numerous other industrial investments, the company now owns 61 % of the Egyptian Float Glass Co. SAE & 23 % of Delta Insurance Co. |
| Sectors Section | Beneficiary Sectors - Economy Economy |
