Established in 1956, Kima produces chemical products such as urea fertilizer, liquid ammonia, high density ammonium nitrate and ferro silicon. In May 2023, it signed an MOU to set up a new line to produce nitric acid and nitrates, with investments amounting to $280 million, in addition to $32.3 million in local funding, in cooperation with an Emirati company. The Holding Company for Chemical Industries is Kima’s largest shareholder with a stake of 69.8% as of March 2023.