SectionEgypt overview
Abu Qir Fertilizers and Chemical Industries (ABUK)
Major producer and exporter of nitrogen fertilisers, based in Alexandria.
TickerABUK
ExchangeEGX
SectorBasic resources
CurrencyEGP
About Abu Qir Fertilizers
Abu Qir Fertilizers is one of Egypt's largest producers of nitrogen fertilisers, including urea and ammonium nitrate, from its plants near Alexandria. A large share of its output is exported, which earns the company foreign currency.
Natural gas is its main input, so the company's margins depend on the price at which it buys gas domestically and on global fertiliser prices, which are influenced by energy markets and agricultural demand.
For investors, Abu Qir is often seen as a dollar-earning stock with a history of paying dividends; gas supply and pricing decisions by the Egyptian government are a key risk to watch.