MILESTONES
  • 1997

    Establishment of Egypt Kuwait Holding (EKH) stake

  • 1998

    Establishment of NatGas (gas distribution company, with current partners including Royal Dutch Shell and GAIL India)

  • 1999

    NatGas commences operations

    Initial acquisition of a significant stake in Delta Insurance (an Egyptian insurance company)

  • 2000

    Fayoum Gas Co. was established in partnership with Royal Dutch Shell and Gail India

  • 2001

    Fayoum Gas awarded its first concession

  • 2002

    Acquisition of majority stake in the Egyptian Glass Company (EGC) — at the time the largest glass manufacturer in North Africa — through a joint venture with Guardian Industries

  • 2003

    Establishment of AlexFert (nitrogen fertilizer plant)

    Acquisition of 11.75% in the Egyptian Fertilizer Company (EFC) (nitrogen fertilizer plant) 

    Acquisition of a minority stake in Fayum Gas (gas distribution company)

               Establishment of Nubaria Gas (gas distribution company)
               Establishment of Kahraba (electrical and thermal energy solutions)

  • 2004

    Acquisition of an additional stake in Delta Insurance

  • 2005

    Participated in the bidding process to acquire 100% of EFC, which ultimately led to the divestiture of the stake

  • 2006

    AlexFert commences operations 
    Establishment of Egyptian Tanker Company (ETC) (crude marine transport services)
    Establishment of Gas Chill Company (provides cooling/ heating systems)

  • 2007

    Capital increase by means of a c.USD 100 million rights issuance

    Acquisition of Sprea and Plastichem (chemicals company)

    Acquisition of a controlling stake in Fayum Gas through a joint venture with GAIL India

  • 2008

    Establishment of Nile Takaful and Nile Family Takaful (an Egyptian insurance company) as a joint venture with Tokio Marine

  • 2009

    Divestiture of EGC to Guardian Industries

  • 2010

    Establishment of NatEnergy by EKH

  • 2011

    Investment in the Egyptian Hydrocarbon Corporation (EHC) (mining grade ammonium nitrate plant)

  • 2012

    Acquired U.S. nitrogen fertilizer company

    BMIC begins operations

  • 2013

    Divestiture of Nile Takaful and Shabakat

    Investment in a global infrastructure fund management company

    EGM approval of a capital increase by means of a c.USD 110 mn rights issuance

    BMIC reaches full production capacity

  • 2014

    Acquisition of Offshore North Sinai gas concession; negotiations with the government of Egypt to begin production

    7%: return on equity in US dollar terms

    Capital increase closure of USD 110 mn capital increase via issuance of new shares, bringing paid-in capital to USD 243.9 mn

  • 2015

    Average daily production at Offshore North Sinai gas concession reaches 45-48 million cubic feet per day

    Commissioning of the Egyptian Hydrocarbons Corporation (EHC), with full handover to EHC underway

    Acquiring additional 18% of Natgas raising EKH ownership to 75%.

  • 2016

    Sprea comments production of Sulfonated Naphthalene Formaldehyde (SNF) with design capacity of 66,000 tpa.

    Acquiring additional 9% of Natgas raising EKH ownership to 84%.