41. Fertiglobe

Country: U.A.E.
Sector: Industrials
CEO: Ahmed El-Hoshy
Market Value: $8.7 billion
Sales: $5 billion
Profits: $1.8 billion
Assets: $5.5 billion

Established in 2019 as a strategic partnership between ADNOC and OCI Global, Fertiglobe is currently the world’s largest seaborne exporter of urea and ammonia combined and the largest producer of nitrogen fertilizers by production capacity in MENA. It operates four production facilities located across the U.A.E., Egypt, and Algeria, with an annual production capacity of 6.7 million metric tons of urea and merchant ammonia. In November 2022, the company announced the start of the first phase of the green hydrogen plant in Egypt, which is planned to deliver up to 15,000 tons of green hydrogen to produce up to 90,000 tons of green ammonia annually.