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 ( Mg2SO4.7H2O) 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).