Top 50 Listed Companies
In Egypt 2022

15. Abu Qir Fertilizers and Chemicals Company (AFC)

Sector: Industrials

Chairman & CEO: Abed Ezz El-Regal

Market value: $1.7 billion

Sales: $475 million

Profits:$189 million

Assets: $583 million

Abu Qir Fertilizer produces 50% of the total Egyptian nitrogen fertilizers. The company produces and markets all types of chemical products and other related materials in Egypt and abroad. The Abu Dhabi Sovereign Fund (ADQ) acquired 21.5% of the company in April 2022 in a deal worth $391.9 million. The company recorded net profits of $189 million in 2021, an increase of 30.5% compared to 2020.