The Middle East's

Top 100 Listed
Companies 2022

47. Fertiglobe *

Country: U.A.E.

Sector: Industrials

CEO: Ahmed El-Hoshy

Market Value: $12.9 billion

Sales: $3.3 billion

Profits: $976 million

Assets: $5.2 billion

Fertiglobe is the world’s largest nitrogen fertilizer platform and the largest producer in MENA with a combined production capacity of 6.5 million tons of urea and merchant ammonia. It is a joint company between OCI and ADNOC and was listed on ADX in October 2021. OCI’s ownership stake is 50% plus one share, ADNOC’s is 36.2%, and the balance is free float. Fertiglobe signed an agreement in 2021 with Norway-based Scatec and the Sovereign Fund of Egypt to establish a 50-100 MW electrolysis plant in Egypt to produce up to 90,000 metric tons of green ammonia annually.