48. Egyptian Financial & Industrial Company (EFIC) *

Sector: Petrochemicals
Managing Director: Abdul Azim Al Abbasi
Market Value: $116 million
Sales: $119 million
Profits: $24 million
Assets: $149 million

EFIC was established in 1929 and is considered one of the largest Egyptian companies producing phosphate fertilizers. It produces chemical materials, manures, and agricultural fertilizers. Banque Misr sold its 9.98% stake in the company in August 2022 for around $5 million. Metallurgical Industries Holding company is the largest shareholder with a 27.1% stake, while MidFirt Misr owns 25.7% of the company.