Alyaa Stohy

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hisham tawfik

KIMA 2 plant provides 55% of its fertilizers production to farmers

Tawfik explained that four plants were established to produce ammonia. They are: Helwan, El Masreya, Misr Fertilizers Production Company (MOPCO) and Alexandria. He went on to explain that KIMA plant started production since the 1960s, and soon became one of the most important pillars of the industry; however, due to the increase in electricity consumption and its high cost, the plant was converted to operate with natural gas to produce urea instead of ammonia nitrate.

Alyaa Stohy

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EFG Hermes signs EGP 750m sale, leaseback agreement with MNHD

EFG Hermes’ investment banking division acted as the financial advisor for the transaction, which will also encompass a few securitization issuances as follow-on transactions, while EFG Hermes Corp-Solutions, a wholly-owned subsidiary of EFG Hermes Holding and one of Egypt’s leading leasing and factoring companies, acted as the lender.

Alyaa Stohy