Valmore Holding, formerly Egypt Kuwait Holding, has approved the distribution of about $53 million in cash dividends to shareholders, amounting to 0.045 per share (4.5 cents), according to its ordinary general assembly meeting convened on April2. This brings the company’s cumulative dividends since inception close to $1 billion.
The company previously reported its financial results for the fiscal year (FY) 2025 on March 2, 2026, recording a 24% year-on-year (YoY) increase in revenues to reach $685 million. Consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) bolstered 26% YoY to $322 million. During the same period, net profit remained broadly stable at $186 million compared to the previous year, supported by one-off foreign exchange gains of $54.5 million.
During the meeting, the company’s shareholders also elected a new Board of Directors for a three-year term. The newly elected board members are: Loay Jassim Al-Kharafi, Adel Moataz Al-Alfi, Jon Rokk, Heba Nasser Al-Kharafi, Talal Jassim Al-Kharafi, Ahmed Moataz Al-Alfi, Mubarak Abdullah Al-Sabah, Hussam El-Sayed Hussein, Hesham Saad Mekawi, Amin Ahmed Abaza, Nada Mohamed Massoud, Osama Mohamed Kamal, and Ahmed Mohamed Sobhy.
Loay Jassim Al-Kharafi was chosen as Chairman, Adel Moataz Al-Alfi as Vice Chairman, and Jon Rokk as Chief Executive Officer.
Valmore Holding, listed on both the Egyptian and the Kuwaiti stock exchanges, is one of the Middle East and North Africa (MENA) region’s leading investment companies. Established as Egypt Kuwait Holding (EKH) in 1997 by a consortium of Kuwaiti and Egyptian businessmen, Valmore’s investment portfolio is diversified across various sectors and geographies, spanning five strategic sectors, including chemicals, building materials, utilities, oil and gas, as well as non-banking financial services.
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