KIMA sells 86 residential units in public auction

Updated 4/26/2022 10:55:24 AM

ArabFinanceEgyptian Chemical Industries (KIMA) (EGCH) has sold 86 residential units out of total units of 135 in Al Rehab Kima Complex in a public auction, according to a statement filed to the Egyptian Exchange (EGX) on April 26th.

The remaining 49 units will be offered for sale in two upcoming auctions.

The first auction will be held on May 12th to offer 27 units for sale, while the second will take place on May 13th to sell 22 units.

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.