37. Egyptian Chemical Industries Company (Kima) *

Sector: Petrochemicals
Executive Managing Director: Abdel-Majeed Hegazy
Market Value: $309 million
Sales: $144 million
Profits: $21 million
Assets: $446 million

Established in 1956, Kima produces chemical products such as urea fertilizer, liquid ammonia, high density ammonium nitrate and ferro silicon. In May 2023, it signed an MOU to set up a new line to produce nitric acid and nitrates, with investments amounting to $280 million, in addition to $32.3 million in local funding, in cooperation with an Emirati company. The Holding Company for Chemical Industries is Kima’s largest shareholder with a stake of 69.8% as of March 2023.