Abu Qir Fertilizer produces 50% of the total Egyptian nitrogen fertilizers. The company produces and markets all types of chemical products and other related materials in Egypt and abroad. The Abu Dhabi Sovereign Fund (ADQ) acquired 21.5% of the company in April 2022 in a deal worth $391.9 million. The company recorded net profits of $189 million in 2021, an increase of 30.5% compared to 2020.