Cairo – Mubasher: The board of directors of the Egyptian Chemical Industries (Kima) approved the appointment of Mohamed Hassanein Radwan Osman as the company’s Executive Managing Director.

Osman will be the authorised signatory for the company at banks, succeeding Eid Mohamed Abdullah El-Hout, the company said in a bourse disclosure on Sunday.

During the first half (H1) of fiscal year (FY) 2020/2021, the company turned to net losses of EGP 631.26 million, versus net profits of EGP 42.78 million in the corresponding period a year earlier.