ABU QIR FERTILIZERS - RE-INITATION OF COVERAGE
​Market leader in the nitrogenous fertilizers industry in Egypt controlling 70% of total market supply: The company is 85% owned by the government as it was established by the government in 1976 to supply the Egyptian agriculture sector with the required fertilizers. Abu Qir 1 was the first plant and was established in 1976 to produce prilled urea Abu Qir Fertilizers remains the largest producer of nitrogenous fertilizers in Egypt supplying various products, including granulated urea, prilled urea, ammonium nitrate, NPK and liquid UAN (the last two are exported). The company has lacked control over its profit margins due to the pricing scheme set by the government as well as its dependence on the government for natural gas supply.
Since its founding in 1992 as a privatization consulting office to the government of Egypt, Prime has successfully reinvented itself as a regional investment bank with a presence in major Arab markets. We provide innovative and outstanding financial services to corporations, institutions, governments, and individuals, using the breadth of our expertise to enable them to reach their objectives.
Over the years, we have refocused our business and our people while extending our geographical reach and strengthening our technological capabilities.
Today, Prime is:
- A competitive leader in the region
- Focused on both clients and products
- Led by pioneers who see change as an opportunity that constructively challenges the status quo
- Driven by a fearless and unconditional commitment to delivery and performance
- Supported by a culture that emphasizes teamwork and a sense of urgency
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