ArabFinance: Kafr el Zayat Pesticides and Chemicals Company’s board of directors in principles approved to purchase of 2,700 square-meter plant in New Nubaria City, according to the company’s statement filed to the Egyptian Exchange.

The board also approved an EGP 90-million loan granted by Al Baraka Bank.

The company registered a consolidated net profit attributed to the shareholders worth EGP 20.86 million during the first nine months of 2020.

KZPC is an Egypt-based company that produces and sells formulations, such as pesticides, insecticides, fungicides, herbicides, rodenticides, and fertilizers to the agricultural and hygienic sectors in Egypt.

The company’s subsidiaries include Kafr El-Zayat International for Pesticides and Chemicals, Organic Biotechnology company, and Chemi Company.

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