19. Egypt Aluminum (Egyptalum)

Sector: Industrials
Executive Managing Director: Mahmoud Agour
Market Value: $586 million
Sales: $468 million
Profits: $81 million
Assets: $420 million

Egyptalum started as a small factory with six pot rooms. Today, it has 12 pot rooms and a total production capacity of 320,000 tons annually. The company’s net profit jumped to $81 million in 2022, an increase of 8,746% compared to 2021. In September 2022, the company announced that it will offer 65% of its capital increase, totalling $300 million, to an Arab sovereign fund. It plans to add a new production line with a capacity of 100,000 tons per year along with establishing an aluminium foil facility. Metallurgical Industries Holding is the company’s main shareholder with a stake of 89.8%.