Latest news with #MOPCO
Zawya
2 days ago
- Business
- Zawya
Egypt: MOPCO joins Al Dahra in first river shipment of fertilizers for Toshka projects
Cairo – Misr Fertilizers Production Company (MOPCO) collaborated with Al Dahra Agriculture, one of the largest investors in the sustainable agriculture sector, to carry out the first-of-kind river shipment to support agricultural projects in Toshka, according to a press release. Under the leadership of the Egyptian Ministry of Petroleum and in coordination with the Ministry of Industry and Transport, the fertilizer shipment of 750 tons of packed urea fertilizer departed from Damietta Port aboard the river unit 'Nile 5,' operated by the National Nile Company for River Transportation, heading toward Al Aqab area in Aswan and then on to Toshka. The CEO of Al Dahra Agriculture – Egypt, Raouf Tawfik, said: "We are proud to participate in this integrated model linking industry, agriculture, and logistics, and we highly value the efforts of the Ministries of Petroleum and Transport, the Port Authority, and our partner, MOPCO.' Nile 5 will return to Alexandria with produce bound for export, thus completing its round trip. This initiative aims to activate multimodal transport and promote the Nile as a safe, efficient, and low-cost logistics corridor, supporting farmers and meeting local market demand. This achievement was delivered in cooperation with the Damietta Port Authority and MOPCO, with Al Dahra Agriculture holding investments in the area of nearly 37,000 feddans as well as additional farms in East Al Owainat. Moreover, the initiative supports MOPCO's strategy to expand distribution across Egypt and promote free trade to bolster the local economy. It is worth noting that the listed company's latest financial performance indicated revenue of EGP 13.33 billion in the first half (H1) of 2025.
Zawya
2 days ago
- Business
- Zawya
Al Dahra and MOPCO launch first river shipment of fertilizers to support agricultural projects in Toshka
Cairo: Al Dahra Agriculture — one of the largest investors in the sustainable agriculture sector — announces the successful completion of the first river shipment of 750 tons of packed urea fertilizer. This operation was carried out in cooperation with Misr Fertilizers Production Company (MOPCO). The fertilizer shipment departed from Damietta Port aboard the river unit "Nile 5," operated by the National Nile Company for River Transportation, heading toward Al-Aqab area in Aswan and then on to Toshka. Nile 5 will then return to Alexandria with produce bound for export, thus completing its round trip. This initiative supports the directive of the Ministry of Transport to activate multimodal transport and promote the Nile as a safe, efficient, and low-cost logistics corridor, supporting farmers and meeting local market demand. This achievement, delivered in cooperation with the Damietta Port Authority and MOPCO, exemplifies the unique cooperation among the port authority, MOPCO, and Al Dahra. Al Dahra Agriculture holds significant investments in the area, owning approximately 37,000 feddans as well as additional farms in East Al-Owainat. For his part, Eng. Raouf Tawfik, CEO of Al Dahra Agriculture – Egypt, stated: "We are proud to participate in this integrated model linking industry, agriculture, and logistics, and we highly value the efforts of the Ministries of Petroleum and Transport, the Port Authority, and our partner, MOPCO.' It is worth noting that this step also supports MOPCO's strategy to expand nationwide distribution and promote free trade to bolster the local economy. This successful trial advances environmentally friendly, cost-effective river transport and reaffirms MOPCO's commitment to boosting agriculture in Upper Egypt, ensuring rapid fertilizer delivery, in addition to easing pressure on roads under the national sustainable-development plan.
Zawya
01-08-2025
- Business
- Zawya
Egypt: MOPCO's profits shrink 42.9% YoY in H1 2025
Arab Finance: Misr Fertilizers Production Company (MOPCO) registered a plunge of 42.99% in net profit after tax to EGP 5.817 billion during the first half (H1) of 2025, the financial results indicated. The reported earnings were compared with EGP 10.204 billion in H1 2024. Basic and diluted earnings per share (EPS) declined to EGP 2.03 at the end of June 2025 from EGP 3.56 a year earlier. Net sales amounted to EGP 13.337 billion in H1 2025, up from EGP 9.932 billion in H1 of 2024. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Zawya
22-07-2025
- Business
- Zawya
EGX approves listing of MOPCO's $158.9mln capital increase
The Egyptian Exchange (EGX) Listing Committee has approved the listing of Misr Fertilizers Production Company's (MOPCO) capital increase, as per a disclosure. MOPCO's issued and paid-up capital will rise from EGP 20.79 billion to EGP 28.68 billion, marking an increase of EGP 7.88 billion. The increase will be carried out through the issuance of 788.956 million shares at a par value of EGP 10 per share, distributed as 0.3794547514 bonus shares for each ordinary share held prior to the increase. The increase is financed from the balance of merger proceeds recorded in the company's financial statements as of December 31st, 2024, along with EGP 11 from retained earnings. This marks the company's seventh issuance under the Egyptian Securities Listing Schedule. The right to the bonus shares distribution applies to shareholders as of the end of the trading session on Tuesday, July 22nd, 2025. MOPCO's shares following the capital increase, totaling 2,868 billion shares, will be listed on the EGX's database starting from the trading session on Wednesday, July 23rd, 2025. If the bonus share distribution date coincides with an official holiday, distribution will take place on the next business day. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
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. (
