Egypt Kuwait Holding Company has announced the appointment of Jon Rokk as Managing Director, effective February 1, 2024. With a career spanning 30 years, Rokk brings extensive leadership experience and a wealth of expertise in entrepreneurship and business development across various environments.
Loay Jassim Al-Kharafi, Chairman of the Board of Directors, expressed confidence in Rokk’s appointment, highlighting his distinguished track record of leading numerous multinational companies across diverse geographical regions, including Europe, the Middle East, and North Africa. Rokk’s management experience encompasses multiple sectors, such as oil, gas, petrochemicals, infrastructure, and nuclear, aligning closely with the business areas of Egypt Kuwait Holding Company’s subsidiaries.
Prior to joining Egypt Kuwait Holding Company, Rokk served as Chief Operating Officer at South Tees Development Company in the UK, overseeing Europe’s largest regeneration project in the energy transition and renewable energy sectors, with investments exceeding £2 billion. His Middle East journey began in 2013 when he assumed the role of General Manager at Interserve, a British firm operating in oil, gas, petrochemicals, utilities, engineering, and construction across Qatar, UAE, and Oman. Subsequently, in 2019, he assumed the position of President and CEO at Bilfinger Middle East and North Africa, overseeing operations in utilities, oil and gas, petrochemicals, infrastructure, and nuclear sectors.
Rokk’s expertise extends to integration strategies, analyzing advanced growth methods, and implementing acquisitions in the United Kingdom, China, and the Middle East. Al-Kharafi noted that Rokk’s appointment follows the decision of the current Managing Director, Sherif El Zayat, to step down for personal reasons, with his tenure concluding on March 31, 2024. Al-Kharafi expressed gratitude for El Zayat’s significant contributions to the holding company’s business and financial performance over the years.
Despite global market challenges, Egypt Kuwait Holding Company has maintained robust financial performance, recording a net profit of $137 million in the first nine months of 2023. Al-Kharafi also commended the dedication and efforts of the employees of the Holding Company and its subsidiaries, who have played a pivotal role in achieving this remarkable performance.
Egypt Kuwait Holding Company remains committed to pursuing development opportunities in the region to enhance its foreign currency earnings as part of a long-term strategy to sustainably increase shareholder returns. The company’s investment of over $200 million in capital expenditures in 2023 demonstrates confidence in the growth potential of its subsidiaries and associates.
Established in 1997, Egypt Kuwait Holding Company is listed on both the Kuwait and Egyptian stock markets. Over the years, it has emerged as one of the largest, leading, and fastest-growing investment companies in the Middle East, boasting a diverse portfolio spanning five major sectors: fertilizers, petrochemicals, gas upstream and distribution, power production and distribution, as well as insurance and non-bank financial services.
