
Egypt’s EFIC aims to launch compound fertiliser production line
Project to take around 3 years to break even, contribute to company’s cash flow
Project to take around 3 years to break even, contribute to company’s cash flow
Naeem raises target price on EFIC to EGP 13.4/share, upgrade its recommendation to Buy
Scenarios include selling 100% of SCFP, increasing capital, offering 40% of shares, or selling to strategic investor
The 2 companies reached an agreement to stabilise the price difference between their products