Egypt Kuwait Holding (EKH) has announced its fiscal year (FY) results for 2024, revealing a $642 million rise in revenues, a 40% growth in gross profit margin and a 39% increase in earnings before interest, taxes, depreciation, and amortization (EBITDA) margin.

In its general assembly meeting, the Group also reported a net profit of $185 million, with net profit margin increasing by 2 percentage points to reach 29%.

Commenting on the company’s performance, Loay Jassim Al-Kharafi, Chairman of the board of EKH, said, “We are proud of the Group’s strong performance last year, during which we sustained robust profitability across all operating sectors.”

“We look forward to 2025 as the launchpad for a new phase of growth and selective expansion, driven by an ambitious strategy to cement our Group’s and subsidiaries’ market standing and expanding our presence regionally and globally,” Al-Kharafi added.

EKH has distributed dividends for the year 2024 totaling $53.2 million, representing 19% of the Company’s capital. This includes a cash dividend equivalent to 14% of the share’s par value, amounting to $39.11 million, or 3.5 US cents per share.

The Group has also distributed stock dividends totaling $14.09 million, representing 5% of the company’s issued and paid-up capital, granting shareholders one free share for every twenty original shares, for the fiscal year ending December 31, 2024.

Looking ahead, CEO of EKH, Jon Rokk said, “We remain focused on seizing opportunities aligned with our strategic direction and creating added value for our shareholders and clients.” He added that the company is evaluating additional investment opportunities worth between $150 million and $200 million for 2025 and 2026.