Arab Finance: Deputy Prime Minister for Economic Affairs Hussein Eissa chaired the general assembly meeting of Chemical Industries Holding Company (CIHC) to approve its estimated budget for the fiscal year (FY) 2026/2027, according to a statement.

Chemist Saad Helal, CEO and Managing Director of CIHC, presented the board’s report along with the estimated budgets for the holding company and its subsidiaries for the new FY.

The consolidated budget targets revenues of around EGP 30 billion, with net profit expected to reach EGP 8.9 billion and exports targeted at EGP 14.7 billion.

The meeting also reviewed the temporary listing of five CIHC subsidiaries on the Egyptian Exchange (EGX) as part of the privatization program. The planned listings are aimed at attracting new investments, expanding private-sector participation, and broadening the ownership base of state-owned companies.

Officials reviewed progress on major investment and development projects across CIHC’s subsidiaries, including new expansions, plant rehabilitation, and the introduction of new production lines.

At Egyptian Chemical Industries (Kima) in Aswan, construction is underway on two new plants for nitric acid and ammonium nitrate.

Other projects include the rehabilitation and commissioning of the ammonia and urea plants at Delta Fertilizers, the rehabilitation of the ammonia compressor at Nasr Fertilizers to double its production capacity, and the establishment of a chlorine granules plant at Misr Chemical Industries in partnership with the private sector.

Meanwhile, Sinai Manganese is developing a calcined kaolin plant and rehabilitating its gypsum plant and filtration system at its alloys facility.