The Clap
Egyptian Kuwaiti Holding (EKHO) shares converted into EGP will begin trading starting from today’s session.
Who is affected🤷
EKHO shares that will be traded in EGP on the EGX amount to ~461 million shares, representing ~68% of the company’s available and traded shares on the EGX.
The remaining shares will continue to be traded in USD. All shares, however, including those in EGP, will continue to receive dividends in USD. A distinctive feature for EKHO shareholders.
Why is this important🤔
EKHO is one of the biggest companies on the EGX in terms of market cap, totaling $1.3 billion (EGP 20.5 billion), making it the sixth-largest company in terms of market cap.
EKHO has a solid profits track record in recent years as its 3-year net income compounded annual growth rate of 9% suggests. The company has a return on average equity (ROAE) of 17.86%, & a Thndr Score of 3.30/5.00.
