ZAWYA-SNG: Egypt: Sidpec approves estimated budget for 2026

About this update from Sidi Kerir Petrochemicals

Staff WriterArab Finance: Sidi Kerir Petrochemicals Company (Sidpec) has approved its investment budget for 2026, which is estimated at approximately EGP 1.979 billion, according to a bourse disclosure.The company allocated EGP 1.44 billion for projects and EGP 120 million for investments in other companies.Moreover, Sidpec directed EGP 419.66 million for replacement and modernization.The EGX-listed firm based its investment budget on an exchange rate of EGP 48 to the $1.The extraordinary general meeting (EGM) of Sidpec agreed to raise the issued and paid-up capital to EGP 2.268 billion from EGP 1.814 billion.© 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (Syndigate.info).Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

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