Egyptian Chemical Industries Company (KIMA) [EGCH.CA] has announced that it has used all its capital increase proceeds from June 2014 to December 2016 to pay dues to the Italian company Tecnimont for the new ammonia-urea facility. The company added that the investment cost of its facility rehabilitation is USD796.5mn, adding that the facility will be completed on 12 November 2018 with 36.4% completed so far.
Egyptian Chemical Industries (Kima): EGP6.49 as of 7 Mar. 2017, Rating: Sell, TP: EGP5.00/share, MCap: USD151mn, EGCH EY/EGCH.CA