Kuwait’s Ekuity Holding acquires 30% stake in Egypt’s Aluminium and Metals Company AluNile

EGYPT – Ekuity Holding – the investment arm of Kuwait Investment Authority in Egypt – has announced its acquisition of a 30% stake in the Nile Aluminum and Metals Company (AluNile), from the Ezdehar Egypt Mid-Cap Fund (Ezdehar). Ekuity CEO Adnan Al Sager explained that Ekuity’s investment in AluNile represents an important milestone in the resurgence of Kuwaiti investments in Egypt, partnering with institutional, financial, and strategic investors, to invest in leading companies with high-growth prospects. Al Sager added that AluNile’s prospects of growth and expansion in both its product…

Read More