Senergy inks final contracts to exit from Egypt business

Kuwait – Mubasher: Senergy Holding said Monday that it has signed the final contracts for selling a 60% stake in National Drilling Company-Egypt.

The exit deal is worth KWD 3.35 million, or EGP 98.3 million ($11.1 million), according to a bourse statement on Monday.

Senergy clarified that the financial impact from the exit will be a loss of KWD 2.92 million ($9.68 million).

 

Mubasher Contribution Time: 19-Sep-2016 06:36 (GMT)
Mubasher Last Update Time: 19-Sep-2016 09:45 (GMT)