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Al Sharkiya Sugar Manufacturing Company (ASSM) – “Al Nouran Sugar” is a company established in accordance to Company Law no. 8, 1997. The purpose of the company is the construction and operation of a beet sugar production facility, sugar refining, molasses manufacturing, ethanol and byproduct production. Currently the company’s authorized capital is EGP 1.0 billion, of which 216 million is paid-in capital by the Sponsors (ANM/Ashraf Mahmoud & Abdel Menem Sayer).
Upon the completion of the capital injection, the shareholding structure of ASSM – Al Nouran Sugar will include two prominent domestic sugar players, in addition to two high profile regional multilaterals. ASSM (Al Nouran Sugar) Shareholders agreement has been signed in witness of the Ministerial Cabinet, and the IMLA’s on 30.4.2013.
In preparation for the industrial project, ANM has sponsored the first and only company in Egypt specialized in beet agriculture, and has succeeded in plantations of large scale areas with the use of advanced agricultural techniques. The latter was acquired by ASSM (Al Nouran Sugar) in creation of a unique vertically integrated enterprise..
Manufacturing and Production
Al Sharkia Sugar
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