Sidi Kerir Petrochemicals Co. (CASE:SKPC) agreed to acquire The Egyptian Ethylene and Derivatives Company on October 12, 2022. The board of directors of Sidpec approved hiring NI Capital to study the proposed acquisition. NI Capital will provide consulting services and technical knowledge to Sidpec and assist it with the required procedures through a share swap mechanism after evaluating.

Sidi Kerir Petrochemicals Co. (CASE:SKPC) completed the acquisition of The Egyptian Ethylene and Derivatives Company on July 8, 2023.