EFIC was established in 1929 and is considered one of the largest Egyptian companies producing phosphate fertilizers. It produces chemical materials, manures, and agricultural fertilizers. Banque Misr sold its 9.98% stake in the company in August 2022 for around $5 million. Metallurgical Industries Holding company is the largest shareholder with a 27.1% stake, while MidFirt Misr owns 25.7% of the company.