Organi Group, Garhy Group forge strategic industrial partnership

Under this agreement, ODI will acquire 26.25% of the Misr National Steel Company, Ataqa, after completing due diligence and obtaining approvals from regulatory bodies and the Egyptian Competition Authority.

 This acquisition aligns with Al-Organi Group’s strategy to expand its activities in collaboration with leading industrial entities like El-Garhy Group. Both parties are currently exploring several opportunities for collaboration in the chemical and building materials industries, supporting the national agenda to localize the Egyptian industry.

The valuation of Misr National Steel, Ataqa, was set at 7.24 billion Egyptian pounds, and Al-Organi Group agreed to acquire 26.25% of its shares for 1.9 billion Egyptian pounds

 In this context, Captain Essam Al-Organi, CEO of Al-Organi Group, stated: “We aim to complete all legal procedures and due diligence as soon as possible. Our vision is an ambitious strategic plan aimed at achieving comprehensive and sustainable development by supporting local industries and diversifying the Egyptian economy. This will reinforce Egypt’s position on the global industrial map.”

Al-Organi Group is actively implementing its expansion strategy across multiple sectors, aligning with Egypt Vision 2030, which focuses on sustainable economic development.

Meanwhile, Mohamed El-Garhy, vice chairman and managing director at El-Garhy Group, emphasized that the partnership with Al-Organi Group, as a diverse national economic entity, will contribute to expanding industrial activities for both groups and boosting local production. He described this partnership as a key step towards industrial integration and enhancing Egypt’s productive capabilities, in line with the Group’s strategy to diversify investments and partnerships.