{"id":634160,"date":"2018-01-08T04:06:13","date_gmt":"2018-01-08T04:06:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/abu-qir-fertilizers-in-talks-for-an-egp-3-5-bn-loan-lists-expansion-plans\/"},"modified":"2018-01-08T04:06:13","modified_gmt":"2018-01-08T04:06:13","slug":"abu-qir-fertilizers-in-talks-for-an-egp-3-5-bn-loan-lists-expansion-plans","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/abu-qir-fertilizers-in-talks-for-an-egp-3-5-bn-loan-lists-expansion-plans\/","title":{"rendered":"Abu Qir Fertilizers in talks for an EGP 3.5 bn loan, lists expansion plans"},"content":{"rendered":"

Abu Qir Fertilizers is in talks with a consortium of local banks over a USD-denominated loan worth EGP 3.5 bn, according to a bourse disclosure<\/a>. The funding will be used to clear bottlenecks in acid and nitrate plants. The company is also expected to inaugurate its industrial waste treatment project in 1Q2018 to reduce its fresh water consumption by half. Also, Abu Qir Fertilizers is looking to build new factories in the Suez Canal economic zone.<\/p>\n","protected":false},"excerpt":{"rendered":"

Abu Qir Fertilizers is in talks with a consortium of local banks over a USD-denominated loan worth EGP 3.5 bn, according to a bourse disclosure. The funding will be used to clear bottlenecks in acid and nitrate plants. The company is also expected to inaugurate its industrial waste treatment project in 1Q2018 to reduce its […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9309],"tags":[2416,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-634160","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"53c756a8-0423-436a-be50-1c79f5bd34bd","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Abu Qir Fertilizers in talks for an EGP 3.5 bn loan, lists expansion plans","related_issue":[634130],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.c7d42972-1734-4c2c-a7b1-8d27057e59da.mp3"},"yoast_head":"\nAbu Qir Fertilizers in talks for an EGP 3.5 bn loan, lists expansion plans - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/abu-qir-fertilizers-in-talks-for-an-egp-3-5-bn-loan-lists-expansion-plans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Abu Qir Fertilizers in talks for an EGP 3.5 bn loan, lists expansion plans\" \/>\n<meta property=\"og:description\" content=\"Abu Qir Fertilizers is in talks with a consortium of local banks over a USD-denominated loan worth EGP 3.5 bn, according to a bourse disclosure. The funding will be used to clear bottlenecks in acid and nitrate plants. 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The company attributed its performance to higher international prices and lower operational costs during the second half of the year.\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":552266,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/earnings-watch-abu-qir-fertilizers\/","url_meta":{"origin":634160,"position":1},"title":"Earnings watch: Abu Qir Fertilizers","author":"enterpriseam admin","date":"23 August 2022","format":false,"excerpt":"EARNINGS WATCH-Abu Qir Fertilizers reported EGP 2.09 bn in net income in 4Q 2021-2022, up 95% y-o-y, while its revenues for the quarter came in at EGP 4.29 bn, rising 69% y-o-y, according to its earning release (pdf). The company\u2019s net income in FY 2021-2022 came in at EGP 9.05\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597312,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/earnings-watch-abu-qir-fertilizers-and-alexandria-mineral-oils\/","url_meta":{"origin":634160,"position":2},"title":"Earnings watch: Abu Qir Fertilizers and Alexandria Mineral Oils","author":"enterpriseam admin","date":"22 July 2019","format":false,"excerpt":"EARNINGS WATCH- Abu Qir Fertilizers FY2018-2019 profits jump 30.5% y-o-y: Abu Qir Fertilizers reported net income of around EGP 3.2 bn in FY2018-2019, compared to EGP 2.4 bn the previous year, the company said in a bourse filing (pdf). Revenues during the year rose 13.7% y-o-y to around EGP 8.6\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574141,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/31\/abu-qir-fertilizers-reports-egp-560-mn-net-profit-in-4q2019-2020\/","url_meta":{"origin":634160,"position":3},"title":"Abu Qir Fertilizers reports EGP 560 mn net profit in 4Q2019-2020","author":"enterpriseam admin","date":"31 August 2020","format":false,"excerpt":"EARNINGS WATCH- Abu Qir Fertilizers saw net profits decline 0.1% y-o-y in 4Q FY2019-2020 to EGP 560 mn, down from EGP 561 mn last year, according to a company earnings release (pdf). Revenues fell 1% y-o-y during the period to EGP 2.74 bn from EGP 2.9 bn last year.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":551904,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/28\/earnings-watch-abu-qir-fertilizers-reports-fy-2021-2022-results\/","url_meta":{"origin":634160,"position":4},"title":"Earnings watch: Abu Qir Fertilizers reports FY 2021-2022 results","author":"enterpriseam admin","date":"28 July 2022","format":false,"excerpt":"EARNINGS WATCH-Abu Qir Fertilizers saw a 157.5% y-o-y increase in its net income after tax to EGP 9.05 bn in FY 2021-2022, according to the company\u2019s financials (pdf). The company\u2019s top line grew 84.8% y-o-y to EGP 16.33 bn during the fiscal year. 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