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Eastern Company

is an Egyptian joint stock company , a subsidiary to the Chemical Industries Holding Company .

Commercial Register No.:-  4884/Giza – 31/8/1938

Date of Incorporation:-

Incorporated in Egypt by Sultan, Ahmad Fou'ad's decree passed on 12/7/1920 , with EGP  25.000  (EGP twenty -five thousand) capital .  EC's statute was amended under the provisions of law No . 203/1991 for Public Enterprises Companies ; and its executive regulation.

 

EC Capital:-

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Authorized Capital :- EGP 1500 millions (EGP one thousand five hundred millions)

Issued Capital:- EGP 750 millions   (EGP seven hundred fifty millions) divided into 50 (fifty five) million shares; each is EGP 15 par value duly paid.

%55 of EC shares owned by the state represented in HC, 5% by shareholder association, and 40% public & private companies and banks especially investment funds and Egyptian & foreign individuals

 EC Objectives:-

1 - Industry & Trade of tobacco, tobacco products and their equirements.

2 - Practice of any investing, financial, commercial, industrial, agricultural or servicing activity.

3 - Acquisition and construction of real-estates, and purchase & subdivision of  lands for use, lease or sale purposes.

4 - Import, export & trade agencies.

5 - Incorporation, taking part in incorporation, purchase of, or shareholding

      in companies involved in or may help achieve or develop any of EC objectives after approval from (HC).Through existing quality policy, EC strives to make its products unique,competitive and highly profitable, and to gain customer satisfaction in all domestic and foreign markets. EC's quality policy yields an applicably effective and authenticated quality assurance system that meets the requirements of the international standard (ISO 2008:2009).

       EC was awarded national investment grade rating AA according to MERIS.