9. Abu Qir Fertilizers and Chemical Industries Company (AFC)
Sector: Industrials
Chairman and Managing Director: Abed Ezz El-Regal
Market Value: $1.7 billion
Sales: $450 million
Profits: $305 million
Assets: $739 million
AFC produces and markets nitrogen fertilizers, chemical products, and other related materials in Egypt and abroad. As of the fiscal year that ended June 2023, the company’s total production reached 2.2 million tons, and it exported to 40 clients across 31 markets. In addition, it expanded its local free market consumer base to 61 clients. The company’s net profits grew by 61.7% in 2023 to $305 million.