Abu Qir Fertilizers held its general assembly to approve the 2024/2025 results, attended by Minister of Petroleum and Mineral Resources Karim Badawi and company shareholders. The meeting began with a tribute to former chairman Eng. Abed Ezz Al-Raghal.
Minister Badawi praised the company’s role in ensuring fertilizer supplies for Egyptian farmers, supporting food security, and strengthening competitiveness in European markets by investing in green projects, renewable energy, and emission reduction initiatives.
Chairman Eng. Hani Dahi reported that the company supplied 17 million fertilizer bags to the Ministry of Agriculture and exported to 22 countries, generating $317 million in foreign currency. Revenues reached a record EGP 22.92 billion, up 24% from last year, while operating profits grew 27% to EGP 8.16 billion.
The company remains among the top 10 on the Egyptian Stock Exchange by market capitalization and has advanced sustainability efforts, reducing 1.3 million tons of COâ‚‚ emissions and launching a solar power project. It is also converting the North Abu Qir nutrients project to green ammonia production using renewable energy and hydrogen. The assembly approved a cash dividend of EGP 6 per share.
