News

The Ordinary General Assembly of Misr Chemical Industries approved the formation of the board of directors for a period of 3 years for the 2021-2024 cycle. The company said in a statement to the Egyptian Stock Exchange, today, Sunday, that the general assembly authorized the board of directors to choose two independent, experienced members of the company's board of directors. The general assembly also approved the value of the salary of the board of directors, the allowances and the proposed expenses for the chairman and members of the board of directors, as well as the ordinary and extraordinary general assemblies, starting from the 1st of next December. It is noteworthy that Egypt's chemical industry recorded a net profit of 64.65 million pounds during the period from July to the end of last October, compared to profits of 59.13 million pounds during the same period last year.