
Bader Al-Kharafi meets Hong Kong Chief, backs Amir's digital hub vision
KUWAIT: Bader Nasser Al-Kharafi, Zain Vice Chairman and Group CEO, welcomed John Lee Ka-chiu, Chief Executive of the Hong Kong Special Administrative Region of the People's Republic of China, to Zain's headquarters as part of his official visit to Kuwait. Lee was accompanied by a high-level delegation from Hong Kong and China during his visit to Zain, which came as part of his wider visit to Kuwait from May 13-14. His visit included meetings with HH the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, HH the Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, Acting Prime Minister Sheikh Fahad Al-Yousef Al-Sabah and other senior government officials.
Bader Al-Kharafi stated: 'We are committed to implementing the directives of His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah to advance Kuwait's transformation into a regional hub for the digital economy and create an attractive environment for investment led by the private sector. This visit aligns with that wise vision, as Kuwait and Hong Kong enjoy longstanding friendly relations.'
Al-Kharafi welcomed the Chief Executive and his accompanying delegation. 'The two regions collaborate across various investment, trade, and economic fields at both governmental and private sector levels. This visit presents an opportunity to expand those horizons.' He added: 'Our discussions with Chief Executive John Lee and his delegation explored ways to expand digital transformation initiatives, enhance telecom infrastructure, drive business growth, and explore opportunities for collaboration in 5G networks, the Internet of Things and potential strategic partnerships.' (See Page 3)
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Arab Times
4 hours ago
- Arab Times
Egypt Kuwait Holding Revenues Surges 32% during 1H 2025 to USD 397 million
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Utilities & Related Activities | Kahraba Kahraba's revenues recorded notable growth in 1H25, supported by strong momentum in its electricity distribution business, with distribution volumes rising 40% y-o-y. Gross profit and EBITDA margins came in at 17% and 19%, respectively. Net profit reached USD 3 million in 1H25, reflecting a net profit margin of 11%. Kahraba is moving forward with its expansion plans, including investment in a second substation within its 10th of Ramadan concession area to meet rising electricity demand driven by accelerating industrial activity. In addition, management continues to explore potential strategic concession acquisitions in 10th of Ramadan and other high-potential areas. Oil & Gas | ONS The North Sinai Offshore Concession recorded revenues of USD 31 million in 1H25, up 9% y-o-y, while maintaining strong profitability with gross profit and EBITDA margins of 54% and 82%, respectively. 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Mohandes Insurance delivered net profit growth of 21% y-o-y, reflecting the promising fundamentals of Egypt's insurance sector. Meanwhile, Bedayti posted net profit attributable to equity holders of EGP 42 million in 1H25, up 42% y-o-y, demonstrating sustained growth within this fast-expanding sector despite elevated interest rates. Egypt Kuwait Holding (EKH), established in 1997 with an issued and paid-in capital of USD 296 million, is dual-listed on both Boursa Kuwait and the Egyptian Exchange. The company is one of the Middle East's leading and fastest-growing investment entities, with a diversified investment portfolio spanning five key sectors: fertilizers and petrochemicals, gas distribution, power generation and distribution, insurance, and non-banking financial services.


Arab Times
a day ago
- Arab Times
Al-Durra project ignites gas push
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Kuwait Times
4 days ago
- Kuwait Times
Zain Summer Program: a remarkable conclusion for a remarkable cohort
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