Latest news with #MisrFertilizers
Zawya
08-07-2025
- Business
- Zawya
Egypt: MOPCO to distribute bonus shares starting July 23rd amid capital increase
Arab Finance: Misr Fertilizers Production Company (MOPCO) will begin distributing bonus shares on July 23rd, 2025, as part of a capital increase approved by its general assembly on April 12th, as per a disclosure. The company's issued and paid-up capital will rise from EGP 20.79 billion to EGP 28.68 billion, reflecting an increase of EGP 7.89 billion. Shareholders will receive 0.3794547514 bonus shares for each ordinary share held, based on holdings as of the end of trading on Tuesday, July 22nd, 2025. A total of 788.956 million bonus shares, each with a nominal value of EGP 10, will be distributed through Misr for Central Clearing, Depository and Registry (MCDR), following the listing committee's approval. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
30-06-2025
- Business
- Zawya
Egypt: MOPCO begins gradual restart of plants following gas supply resumption
Arab Finance: Misr Fertilizers Production Company (MOPCO) announced it has started gradually restarting its plants following the resumption of natural gas supply, as per a disclosure on June 29th. The company referenced its earlier disclosure dated June 15th, 2025, regarding the impact of the disrupted gas supply on its operations. MOPCO confirmed that with gas flow restored, plant operations are now being resumed in phases. Abu Qir Fertilizers and Chemicals Industries Company (ABUK) also made the same sentiment. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
16-06-2025
- Business
- Zawya
Egypt: MOPCO plans to enhance operations due to rising tensions in Middle East
Arab Finance: Misr Fertilizers Production Company (MOPCO) has decided to implement an intensive maintenance plan to improve operating conditions, according to a bourse filing. The company attributed the decision to the war in the Middle East and its impact on natural gas supplies to the factories. MOPCO will announce any material updates in due time to adhere to the disclosure rules for listed companies in the Egyptian Exchange (EGX). In the first quarter (Q1) of 2025, the company's net profits after tax fell by 63% year-on-year (YoY) to EGP 2.813 billion from EGP 7.648 billion. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
23-05-2025
- Business
- Zawya
Egypt: MOPCO sees $11mln block trading
Arab Finance: Misr Fertilizers Production Company (MOPCO) recorded a block trading transaction valued at EGP 555.658 million, the Egyptian Exchange (EGX) stated on May 22nd. The transaction was executed on 14.508 million shares. MOPCO's net profits after tax plummeted by 63% year-on-year (YoY) to EGP 2.813 billion as of March 31st, 2025, from EGP 7.648 billion. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
21-05-2025
- Business
- Zawya
Egypt's fertiliser producers cut output as gas supplies slashed
Two of Egypt's largest fertiliser producers said on Wednesday they had received official notification of a two-week reduction in natural gas supply to their plants, triggering an immediate drop in production. Abu Qir Fertilizers and Chemical Industries and Misr Fertilizers Production both said in stock exchange statements that they expected output to drop by 30% during the period. The cuts come as Egypt faces growing gas supply challenges ahead of the peak summer season, with the government scrambling to secure additional gas and fuel oil cargoes to meet surging demand. Similar gas supply cuts were imposed on fertiliser producers in June last year, disrupting operations. Natural gas is a key input for fertiliser production, and any disruption can impact both domestic supply and export revenues. Egypt's natural gas output fell from 4.6 billion cubic metres in January 2024 to 3.3 billion cubic metres in February 2025 - the lowest since April 2016, according to the Joint Organisations Data Initiative. Egypt's Ministry of Petroleum has not yet commented on the reductions. Egypt has been working to position itself as a regional energy hub, but chronic gas shortages forced it to become a net importer, enforce rolling blackouts, and rely on foreign funding to meet its domestic needs. (Reporting by Nayera Abdallah and Mohamed Ezz. Editing by Mark Potter)
