Egypt - Pharos Research sets the fair value of Alexandria Mineral Oils Company (AMOC) share at EGP 4 per each, with an overweight recommendation.

AMOC anticipated achieving revenue of EGP 10.197 billion in the fiscal year (FY) 2021/2022, compared to approved revenue of EGP 7.328 billion for FY 2020/2021.

The listed company announced earlier that petroleum minister Tarek El Molla appointed Ehab Ahmed Abdel Halim as the new chairman and managing director.

AMOC is an Egypt-based company that operates in the petroleum industry. The company specializes in the production of essential mineral oils, paraffin wax and its derivatives, naphtha, and butane, as well as distributes and markets them in Egypt and abroad.

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