EK Holding has reportedly purchased a 10% stake in Alexandria Fertilizers in a USD 50 mn transaction, according to a report in Al Mal’s print edition, which cites sources with knowledge of the transaction. EKH, which already owned a 45% stake in the company, acquired the bulk of the shares from Banque Misr’s investment arm Misr Capital, which sold its 4.16% stake for USD 14.7 mn, the sources said. EKH also raised its indirect stake in Alexandria Fertilizers by purchasing another 10% stake in Kuwait Gate Holding — one of Alexandria Fertilizers shareholders — in a USD 38.5 mn transaction. Pharos Holding executed both transactions on the OTC market.

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