Arab Finance: The Egyptian Chemical Industries’ (Kima) ordinary general meeting (OGM) has approved the estimated budget for fiscal year (FY) 2023/2024 with net profits after tax of EGP 816 million, the firm stated on April 11th.
The OGM has also approved the company’s investment budget at EGP 76.64 million for FY 2023/2024.
KIMA is an Egypt-based nitrogen-based fertilizers manufacturing leader and is engaged in the agricultural chemicals industry.
The company produces and distributes various products, including urea, ammonium nitrate, ferrosilicon alloy, liquid ammonium nitrate fertilizer, prill ammonium nitrate fertilizer, liquid ammonia, aqua-ammonia, nitric acid, hydrochloric acid, and silica fume.