KIMA sells 49 residential units in public auction

Updated 5/22/2022 12:44:26 PM

Arab FinanceEgyptian Chemical Industries (KIMA) (EGCH) has sold 49 residential units in Al Rehab Kima Complex in a public auction, according to a statement filed to the Egyptian Exchange (EGX) on May 22nd.

The units have been sold in two auctions; 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.