Arab Finance: Egyptian Chemical Industries (KIMA) (EGCH) has collected EGP 15.494 million in proceeds from the sale of 49 residential units at Al Rehab Kima Complex in two public auctions, according to a filing to the Egyptian Exchange (EGX) on May 23rd.
The first auction took place on May 19th, while the second occurred on May 20th.
KIMA is an Egypt-based nitrogen-based fertilizers manufacturing leader and is engaged in the agricultural chemicals industry sector.
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.