Sidi Kerir Petrochemicals Company (SIDPEC) raised its issued and paid-in capital from EGP 1.814 billion to EGP 2.268 billion, almost a 25 per cent hike, according to the decision taken by its extraordinary general assembly meeting on October 20.
The capital increase will be carried out through the issuance of 226.8 million new shares, each with a nominal value of EGP 2.
As part of the capital restructuring, the board also approved the distribution of one bonus share for every four shares held.
The capital increase follows a period of strong performance for the company. SIDPEC reported profits of EGP 1.503 billion on sales of EGP 10.91 billion during the first nine months of 2025, an 8.92% increase in revenues compared to the same period in 2024.
Established in 1997, SIDPEC is an Egyptian joint stock company that operates ethylene and polyethylene plants with annual production capacities of 300,000 and 225,000 metric tons, respectively. The company also produces 10,000 metric tons of Butene-1 and 50,000 metric tons of liquefied petroleum gas (LPG) annually.
