1997

Establishment of Egypt Kuwait Holding (EKH) stake

1998

Establishment of NatGas (gas distribution company, with current partners including Royal Dutch Shell and GAIL India)

1999

NatGas commences operations

Initial acquisition of a significant stake in Delta Insurance (an Egyptian insurance company)

2000

Fayoum Gas Co. was established in partnership with Royal Dutch Shell and Gail India

2001

Fayoum Gas awarded its first concession

2002

Acquisition of majority stake in the Egyptian Glass Company (EGC) — at the time the largest glass manufacturer in North Africa — through a joint venture with Guardian Industries

2003

Establishment of AlexFert (nitrogen fertilizer plant)

Acquisition of 11.75% in the Egyptian Fertilizer Company (EFC) (nitrogen fertilizer plant) 

Acquisition of a minority stake in Fayum Gas (gas distribution company)

           Establishment of Nubaria Gas (gas distribution company)
           Establishment of Kahraba (electrical and thermal energy solutions)

2004

Acquisition of an additional stake in Delta Insurance

2005

Participated in the bidding process to acquire 100% of EFC, which ultimately led to the divestiture of the stake

2006

AlexFert commences operations 
Establishment of Egyptian Tanker Company (ETC) (crude marine transport services)
Establishment of Gas Chill Company (provides cooling/ heating systems)

2007

Capital increase by means of a c.USD 100 million rights issuance

Acquisition of Sprea and Plastichem (chemicals company)

Acquisition of a controlling stake in Fayum Gas through a joint venture with GAIL India

2008

Establishment of Nile Takaful and Nile Family Takaful (an Egyptian insurance company) as a joint venture with Tokio Marine

2009

Divestiture of EGC to Guardian Industries

2010

Establishment of NatEnergy by EKH

2011

Investment in the Egyptian Hydrocarbon Corporation (EHC) (mining grade ammonium nitrate plant)

2012

Acquired U.S. nitrogen fertilizer company

BMIC begins operations

2013

Divestiture of Nile Takaful and Shabakat

Investment in a global infrastructure fund management company

EGM approval of a capital increase by means of a c.USD 110 mn rights issuance

BMIC reaches full production capacity

2014

Acquisition of Offshore North Sinai gas concession; negotiations with the government of Egypt to begin production

7%: return on equity in US dollar terms

Capital increase closure of USD 110 mn capital increase via issuance of new shares, bringing paid-in capital to USD 243.9 mn

2015

Average daily production at Offshore North Sinai gas concession reaches 45-48 million cubic feet per day

Commissioning of the Egyptian Hydrocarbons Corporation (EHC), with full handover to EHC underway

Acquiring additional 18% of Natgas raising EKH ownership to 75%. 

2016

Sprea comments production of Sulfonated Naphthalene Formaldehyde (SNF) with design capacity of 66,000 tpa.Acquiring additional 9% of Natgas raising EKH ownership to 84%.

2017

Divestiture 26% of EHC to Carbon Holding
Divestiture 30% of Isquared

2018

Acquiring additional 23.4% in Delta insurance raising EKH ownership to 55.4% 

Offshore North Sina commenced operations