Corporate Governance
Leadership with Integrity. Oversight with Impact.
At Valmore Holding, strong governance is the foundation of sustainable growth. Corporate Governance reflects our commitment to transparency, accountability, ethics, and board oversight. We uphold international best practices and place governance at the core of our values, reinforcing credibility and trust with all stakeholders. Our dual listing on EGX and Boursa Kuwait ensures adherence to the highest standards of governance and disclosure.
Corporate Governance
Leadership with Integrity. Oversight with Impact.
At Valmore Holding, strong governance is the foundation of sustainable growth. Corporate Governance reflects our commitment to transparency, accountability, ethics, and board oversight. We uphold international best practices and place governance at the core of our values, reinforcing credibility and trust with all stakeholders. Our dual listing on EGX and Boursa Kuwait ensures adherence to the highest standards of governance and disclosure.
Our Board of Directors provides strategic oversight, ensures accountability, and upholds the highest standards across the organization. The Board is a balanced mix of executive, non-executive, and independent directors, bringing diverse experience and deep sector expertise to guide our long-term vision. With 17 members, including the Chairman, Vice Chairman, and CEO, the Board leads through transparency, strategic alignment, and active engagement with both shareholders and internal teams.
Performance is monitored through structured reporting cycles - monthly, quarterly, and semi-annual reviews - ensuring that corporate and departmental objectives are met with discipline and clarity.
Message from Chairman
Dear Valued Stakeholders,
For nearly three decades, our journey has reflected not only growth, but the enduring spirit of partnership that defines the Arab world’s most resilient enterprises. Since our inception in 1997 as Egypt Kuwait Holding, we have evolved from a Kuwaiti-Egyptian venture into one of the region’s leading and fastest-growing diversified investment groups. A journey built on trust, performance, and shared success.
Stepping into a new era as Valmore Holding marks more than a reintroduction; it reaffirms a promise to deliver greater value. This transformation goes beyond a name change; it reflects a steadfast commitment to shaping the future of investment across the Middle East and beyond, through a strategy that unites industrial expertise with forward-looking purpose. Through disciplined growth and a diversified portfolio of more than 20 market-leading companies, Valmore has maintained solid revenues and consistent profitability, even throughout global and regional challenges. Our ability to adapt and perform under all circumstances is a testament to our strong foundation, prudent governance, and enduring partnerships.
Today, Valmore ranks among the MENA region’s foremost investment groups, with ambitions extending far beyond toward scaling internationally and building a lasting global footprint. With operations spanning Egypt, Kuwait, Saudi Arabia, and the United Kingdom, the group continues to expand its horizons while remaining deeply rooted in its heritage and values. At the heart of our success are our 5000+ employees - people who show up every day with purpose, ambition, and resilience. Their efforts are strengthened by the trust of our stakeholders, partners, and investors, all aligned behind a single vision: building long-term value that empowers economies, elevates industries, and improves lives for generations to come.
Valmore stands as a symbol of transformation honoring its past while leading with ambition, agility, and purpose. Together, we will continue to grow, innovate, and inspire. Our story is one of purposeful transformation —rooted in trust, guided by integrity, and driven by a vision designed to lead across generations.
Sincerely,
Loay Jassim Al Kharafi
Chairman, Valmore Holding
Dear Valued Stakeholders,
When I became CEO of EKH, I saw our legacy not as an ending but as a starting point. We set out to redefine how we operate, create value, and turn decades of experience into sustainable growth.
Our transition to Valmore Holding is a decisive step in that journey—not a break with our past, but the next stage. For three decades, we have paired industrial expertise with financial strength; today we are directing that heritage into a future defined by agility and scale. This brand strategy sets out how we will bring that ambition to life across our portfolio and markets.
“Valmore” reflects our ambition to create more value for stakeholders. It guides every decision—delivering financial performance with purpose, strengthening our position in core markets, and entering new ones where we can win, all grounded in integrity, excellence, and long-term value creation.
Our diversified portfolio across Chemicals, Building Materials, Utilities, Oil & Gas, and Non-Banking Financial Services gives us resilience and focused growth. Our market-leading assets continue to deliver strong profitability, powered by disciplined execution. We are investing behind this momentum—building high-potential platforms, expanding into new geographies, and creating the capacity to scale across borders.
But value is only complete when it is shared. At Valmore, sustainability is not an add-on; it shapes how we grow and how we contribute. We are committed to creating jobs, supporting education, and making a lasting positive impact in the communities where we operate.
At the center of everything are our 5,000+ employees. Their ambition and resilience, combined with the trust of our stakeholders, partners, and investors, fuel one shared vision: building long-term value that empowers economies, elevates industries, and improves lives for generations to come.
Sincerely,
Jon Rokk
CEO, Valmore Holding
Board Committees
Our Board ensures effective oversight through specialized committees that drive strategic alignment and governance excellence:
Upholds transparency and integrity through independent reviews of financial reporting, internal controls, and audit processes.
Ensures compliance with governance principles, regulatory requirements, equal treatment of shareholders, and promoting transparency
Evaluates opportunities, monitors portfolio performance, and ensures alignment with Valmore Holding’s strategic and financial objectives.
Oversees executive compensation and incentives to attract, retain, and motivate top talent in line with long-term shareholder value.
Control Environment
Internal Control System
Valmore Holding has established a comprehensive Internal Control System supported by clear policies, procedures, and regulations approved by the Board of Directors. With defined roles and responsibilities across its organizational structure, the system ensures segregation of duties, reliable information, and protection of assets. It enhances operational efficiency, enforces compliance, and upholds strong corporate governance standards.
Internal Audit Department
Operating independently, the Internal Audit Department provides objective assurance and reports directly to the Audit Committee of the Board. This independence reinforces transparency and accountability, while its work strengthens internal controls, risk management, and compliance—safeguarding company assets and enhancing shareholder confidence.
Disclosure Tools
Valmore Holding
is committed to transparency through a wide range of disclosure channels
Annual Report
Published in Arabic and English, it includes audited financial statements, management analysis, and strategic updates.
Board of Directors’ Report
Prepared in line with Egyptian law and EGX Listing Rules, covering results, governance, policies, and compliance.
Disclosure Report
Quarterly updates on shareholder structures, Board composition, committees, and governance matters.
Corporate Governance Report
Annual overview of governance practices, Board structures, and compliance with regulatory standards.
Company Website
A bilingual platform providing timely financial and non-financial disclosures to shareholders and the public.
Key Policies
Succession Planning Policy
Ensures leadership continuity by identifying and developing talent for key executive roles.
Whistleblowing Policy
Provides secure, confidential channels for reporting unethical behavior, protecting whistleblowers from retaliation (complain@valmore.com).
Insider & Related Party Trading Policy
Regulates insider transactions, prohibits trading during blackout periods, and ensures compliance with disclosure requirements.
Social & Environmental Responsibility Policy
Reinforces Valmore Holding’s role as a responsible corporate citizen, supporting sustainable development, community welfare, and environmental protection.