25. Sidi Kerir Petrochemicals Company (SIDPEC)
Sector: Petrochemicals
Chairman and CEO: Mohamed Ibrahim
Market Value: $464 million
Sales: $275 million
Profits: $51 million
Assets: $225 million
SIDPEC produces ethylene, polyethylene, Butene-1, Naphtha, and LPG. The company has 12 distributors in Egypt, as well as international distributors in the U.A.E., the U.S., France, the U.K., Austria, China, and Germany, among other countries. In November 2023, SIDPEC signed a partnership agreement with the Nigerian company Ran Gas to establish a factory in Egypt to produce LPG cylinders with an annual production capacity of one million cylinders. The Government Sector Employees Trust Fund in Egypt is the main shareholder of SIDPEC, with a 20.75% stake as of March 2024.