Founded in 1949, JPMC operates in the mining and phosphate fertilizer manufacturing sectors. In 2023, the company produced ready dry phosphate of 11.5 million tons, an increase of 1.74% compared to 2022, the highest number in the history of JPMC. The company is working on establishing a diversified fertilizer company with the Arab Potash Company at a cost of $600 million, with a production capacity of more than 400,000 tons of fertilizer and phosphoric acid and estimated sales of $400 million annually.