Approval of the Extraordinary General Assembly Meeting Results of SIDPEC Held on 20 October 2025

10/28/2025

sidi Kerir Petrochemicals Company (SIDPEC) held its Extraordinary General Assembly meeting today, Monday, at the headquarters of the Egyptian Petrochemicals Holding Company, chaired by Eng. Mohamed Ibrahim, Chairman and Managing Director, and attended by Eng. Ibrahim Maki, Chairman of the Egyptian Petrochemicals Holding Company, representatives of shareholders, members of the Board of Directors, the Central Auditing Organization, and the company’s external auditors. During the meeting, Eng. Mohamed Ibrahim, Chairman and Managing Director, reviewed the main agenda items, including the approval to increase the company’s issued and paid-up capital from EGP 1.8144 billion to EGP 2.2680 billion, an increase of EGP 453.6 million, through the issuance of 226.8 million shares at a nominal value of EGP 2 per share, financed from the company’s profits for the fiscal year 2024 as shown in the financial statements for the period ending on 31 December 2024. The increase will be distributed as one bonus share for every four existing shares, with fractional shares rounded in favor of small shareholders. The meeting also approved the amendment of Articles (6) and (7) of the company’s Articles of Association in light of the proposed capital increase. In conclusion, Eng. Mohamed Ibrahim expressed his gratitude to H.E. the Minister of Petroleum and Mineral Resources for his continuous support and encouragement of the company’s employees, which enables SIDPEC to remain a source of pride for all. He also extended thanks and appreciation to the Egyptian Petrochemicals Holding Company, the Board of Directors, and all SIDPEC employees for their loyalty and dedication in maintaining the company’s performance and results. It is noteworthy that SIDPEC achieved profits of EGP 1.503 billion during the period from January to September 2025, and the company’s sales rose to EGP 10.91 billion during the first nine months of the current year.

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