Kuwait – Mubasher: After the Central Bank of Egypt decided to float the local currency, a number of Kuwaiti firms has been announcing the financial impact from taking this step.

The recent Kuwaiti companies which recently commented on this decision are Manazel Holding, Investors Holding, and Al Mudon International Real Estate.

The floatation of the Egyptian Pound will reflect negatively on the Kuwaiti companies’ investments in Egypt.

According to the bourse statements issued on Thursday, the firms clarified that the financial impact from such step cannot be determined at the current time.