Egyptian Financial and Industrial co. (S.A.E.) was established according to the royal decree issued on May 30, 1929. It was then fully nationalized and was subject to the supervision of the public sector authority of chemical industry according to the law no. 97 of 1983. According to article no. (2) of the law no. 203 of year 1991 of the issuance business sector companies’ law, the company became a subsidiary from the Holding company for Thermal and Mining (S.A.E.). On March 19, 1996 the extraordinary general assembly of the Holding company for Thermal and Mining (S.A.E.) agreed to offer a portion of the shares owned in the Egyptian Financial and Industrial co. to be offered in stock exchange markets, Accordingly the company was transformed into a Joint Stock Company subject to law no. 159 of 1981 starting from July 1, 1996 and it was registered in the commercial registry on January 18, 1997. The duration of the company is 50 years starting from 18 January 1997 to 17 January 2047.
