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KIMA: Pioneering Chemical Industries in Egypt
Founded in 1956, KIMA – Egyptian Chemical Industries Company, known as KIMA, has played a crucial role in the development of Egypt’s chemical and fertilizer industry. Located in Aswan, KIMA was established to utilize the surplus electric power generated by the Aswan Dam’s electric station.
History and Establishment
The decision to establish KIMA – Egyptian Chemical Industries was made by the Presidency of the Council of Ministers on March 22, 1956. With an initial capital of 16 million pounds, distributed over eight million shares at a nominal value of 2 pounds each, KIMA started its journey towards becoming a leading player in the chemical industry.
Capital and Share Value Growth
Over the years, KIMA – Egyptian Chemical Industries’s capital has seen significant growth. On November 5, 2002, the nominal value of each share was raised to 5 pounds, bringing the total capital to 40 million pounds. This growth has continued, and by June 30, 2022, the company’s share value had reached an impressive 5,932,894.995 pounds.
Shareholders Structure
As of March 31, 2019, KIMA – Egyptian Chemical Industries’s shareholders include the Chemical Industries Holding Company, which holds 55% of the shares, authorities, banks, and insurance companies owning 39%, and individual shareholders holding the remaining 6%.
Production and Industry Impact
KIMA – Egyptian Chemical Industries specializes in the production of nitrogenous fertilizers and other chemical materials, contributing significantly to Egypt’s agricultural sector. The company’s strategic location in Aswan allows it to leverage the abundant electric power from the Aswan Dam, ensuring efficient production processes.
Commitment to Innovation and Growth
KIMA is committed to continuous innovation and growth, investing in modern technologies and sustainable practices to enhance its production capabilities and reduce environmental impact. This dedication ensures that KIMA remains at the forefront of the chemical industry in Egypt.
With a rich history and a strong commitment to growth and innovation, KIMA continues to be a pivotal player in Egypt’s chemical and fertilizer industry. The company’s strategic utilization of resources and its focus on sustainable practices make it a model of industrial excellence.
