EGX Approves Capital Increase Shares for Sidi Kerir Petrochemicals (SIDPEC)
The Listing Committee of the Egyptian Exchange (EGX) has approved the listing of shares issued as part of the capital increase of Sidi Kerir Petrochemicals Company (SIDPEC), raising the company’s issued and paid-up capital from EGP 1.814 billion to EGP 2.268 billion, an increase of EGP 453.6 million.
According to an EGX statement, the increase was executed through the issuance of 226.8 million shares with a nominal value of EGP 2 per share, distributed as bonus shares at a ratio of 0.25 share for each original share held before the increase. The capital hike was financed from shareholders’ retained earnings and profit distributions, in line with the company’s financial statements for the fiscal year ended December 31, 2024. This marks the sixth capital increase in the company’s history.
The exchange clarified that shareholders purchasing the stock up to the end of trading on Sunday, January 11, 2026, will be entitled to receive the bonus shares.
Following the capital increase, SIDPEC’s shares will be listed on the EGX database with a new reference price effective from the start of trading on Monday, January 12, 2026, bringing the company’s total listed shares to 1.134 billion shares.
In a related development, SIDPEC’s unaudited financial results for the first nine months of 2025 showed a 20.43% decline in net profits, recording EGP 1.5 billion, compared to EGP 1.88 billion during the same period in 2024. Revenues reached EGP 10.91 billion from January to September 2025, compared to EGP 10.01 billion in the corresponding period last year.
