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Sidpec names new chairman

Sidpec names new chairman
Sidpic reported net profits of EGP 487 million in 2019

Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) named Mohamed Mohamed Ibrahim as the new chairman and managing director, according to a bourse disclosure on Sunday.

It is worth mentioning that during 2019, Sidpic reported net profits of EGP 487 million, down from EGP 1.3 billion in 2018.

Sidpec’s sales dropped to EGP 4.96 billion in 2019, compared to EGP 5.78 billion in the previous year.