Nature:

An Egyptian joint stock company, established according to the Law  No. 43/1974 and its amendment through the Law No. 230/1989 of “The Arab and Foreign Investment and Free Zones”.

Company Objectives :

The extraction of salts from Lake Qarun as follows:

• Anhydrous sodium sulphate (Na₂SO₄), with a production capacity of 120 000 T/Y.
• Sodium Chloride (NaCl) with a production capacity of 150 000 T/Y.
• Magnesium Sulphate ( Mg₂SO_4^.7H2^O) with a production capacity of 27 000 T/Y.

Company Capital :

The Company’s issued capital is 82350000 million Egyptian pounds (2010) divided into 82350000 shares, one hundred Egyptian pounds each.

Shareholders and Their Equity :

The shareholders of the company are some Egyptian Banks, Public Sector Companies and the Fayoum Governorate as shown in the following Table (1).