On Wednesday, 10 September 2025 Ferchem Egypt for Fertilizers & Chemicals (FERC.CA) held a press conference as part of the “Ring the Bell” ceremony organized by the Egyptian Exchange (EGX) to celebrate the company’s transition from the Small and Medium Enterprises (SME) board to the Main Market.
The ceremony was attended by Dr. Islam Azzam — Executive Chairman of The Egyptian Exchange, Mr. Mohamed Sabry — Vice Chairman of EGX, Eng. Ali Maher — Chairman of Ferchem Egypt for Fertilizers & Chemicals, along with senior officials from EGX and the company, as well as a number of prominent economic figures.
In his remarks, EGX Executive Chairman congratulated the company’s management and shareholders and wishing them continued success. He affirmed that EGX places a top priority on streamlining procedures, supporting companies in applying best practices of governance, and enhancing disclosure standards, all of which contribute to improving market informational efficiency and creating an attractive investment environment that supports market depth and sectoral diversification.
Azzam explained that EGX’s strategy focuses on supporting and encouraging companies traded on the SME Board to achieve growth and expansion, in line with the founding philosophy of this market as a platform designed to enable companies to achieve sustainable growth and gradual expansions that ultimately qualify them to transition to the Main Market. He added that the number of companies that have moved from the SME to the Main Market has reached ten, including two during the current year, with Ferchem being the first of these companies to commence trading on the Main Market.
< p>Azzam also stressed the Exchange’s commitment to promoting listing of promising new companies, urging them to take full benefits offered by the capital market to access the necessary financing for expansion and increasing production capacity. He emphasized that such growth positively reflects on companies' performance, contributes to increasing EGX’s market capitalization, enhances its regional and international standing, and opens new horizons for investors in line with the aspirations of the national economy.
On the other side Eng. Ali Maher — Chairman of Ferchem Egypt for Fertilizers & Chemicals — stated that the commencement of trading of the company’s shares on EGX’s Main Market marks an important strategic milestone in its journey, following its transition from the SME Market under a comprehensive restructuring and expansion plan.
He explained that the company has recently completed a restructuring and merger process, which included raising its issued and paid-up capital from EGP 35.1 million to EGP 800 million, distributed over 400 million shares at a nominal value of EGP 2 per share. This demonstrates the company’s strong financial position and the confidence of its shareholders in its future performance.
Eng. Maher emphasized that this step aligns with the company’s commitment to applying best practices in governance and transparency, while supporting its strategy to enhance production capacity, expand operations in the local market, and increase export volumes. These efforts, he noted, contribute to achieving the State’s objectives in food security and strengthening local industry.
He concluded by thanking EGX management and regulatory authorities for their constructive cooperation, affirming the company’s continued commitment to maximizing shareholder value and consolidating its position as a leading player in the fertilizers and chemicals sector. Ferchem’s transition to the Main Market follows the increase of its authorized capital from EGP 100 million to EGP 2 billion, and the increase of its issued and paid-up capital from EGP 35.1 million to EGP 800 million, as part of the merger of Abu Zaabal Fertilizers and Chemicals and Aswan Fertilizers and Chemicals Industries into Ferchem Egypt for Fertilizers & Chemicals.
