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Monday, 12 April 2021

Egypt Kuwait Holding drops 9.7 per cent on chairman's death

Reuters, Sunday 17 Apr 2011
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Egypt Kuwait Holding's stock tumbled 9.7 per cent on Sunday after its chairman, Kuwaiti billionaire Nasser al-Kharafi, died while on a trip to Cairo.

Kuwait's state news agency KUNA said on Sunday Kharafi had died after suffering a heart attack. An earlier report from Al-Arabiya television said he died on Saturday. The firm has yet to announce the death officially.

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