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Justice GCC > Deals > Egypt Kuwait Holding Lifts Ownership in Petrochemical Affiliate to Almost 90 Percent
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Egypt Kuwait Holding Lifts Ownership in Petrochemical Affiliate to Almost 90 Percent

NewsDesk
Last updated: October 2, 2026 7:47 am
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Petroleum complex in Alexandria, Egypt. | Wikimedia Commons
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Egypt Kuwait Holding disclosed the increased stake in an official filing with the Egyptian Exchange, EnterpriseAM said in its Holding ground coverage. The investment company now controls close to 90 percent of the petrochemicals and fertilizer producer following the move. The exact terms of the transaction, including the price paid for additional shares, were not immediately available in the disclosure. Previous regulatory records showed EKH building its position in stages over recent years.

The development follows EKH’s earlier significant minority holding in Bawabet Al Kuwait Holding, according to filings tracked by EnterpriseAM. The publication noted that the latest purchase solidifies EKH as the dominant shareholder. Company officials have yet to issue further statements on strategic intentions behind the increase.

Egypt Kuwait Holding maintains a diversified portfolio spanning financial services, real estate and industrial projects across the Middle East and North Africa, the company has said in past statements. Its petrochemical interests form a key part of its industrial investments. The firm first invested in BKH several years ago as part of a strategy to expand in the fertilizers and chemicals space.

Egypt’s petrochemicals sector has expanded steadily in recent years, with the Ministry of Petroleum and Mineral Resources reporting a 12 percent rise in production volumes between 2022 and 2025. The sector benefits from the country’s abundant natural gas resources and strategic location for exports to Europe and Asia. Industry data indicates the segment continues to attract both local and foreign capital.

A recent assessment by Deloitte on MENA industrial markets placed Egypt among the top three regional producers of petrochemical products, behind Saudi Arabia and the UAE. The consultancy’s data showed the Egyptian segment generating annual revenues exceeding $10 billion in 2025. Such figures highlight ongoing interest from strategic investors like EKH.

Bawabet Al Kuwait Holding operates facilities that produce key chemical intermediates used in agriculture and manufacturing, according to company information. The firm’s output supports both local industries and regional trade. Integration within EKH’s broader network may offer operational benefits, though the filing did not outline specific plans.

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ByNewsDesk
Justice GCC NewsDesk is the desk responsible for Justice GCC's daily news coverage, monitoring and reporting developments across the Gulf from official sources, including national news agencies and government communications. Its focus is accurate, timely and factual coverage of the region.
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