A glimpse at the Company and its capital

The Company was established in 1958 and began operation in 1960 as a private company and was nationalized in 1961. The Ammonia and Chemicals Company was merged into the Company in 1962. The Hinshlod Paints & Oil Company and Bahari Paints Company were merged into the Company in 1963.

• The Company’s statutes were modified in August 21st, 1993 by virtue of Law 203 of 1991.
• The statutes were further modified on October 3rd. 1997 when the company was privatized as the public stake became less than 50% and the Company was switched to Company Law 159 of 1981.
• The Company’s fully paid capital is 200 million Egyptian pounds divided into 20 million shares each having a par value of L.E. 10.
• The object of the company is:
  o Production of paints, printing inks and animal charcoal and different chemicals related and complementary to these industries, and to manufacture all products derived from or related thereto. To trade in all these products, import and export them and act as an agent to Egyptian and foreign companies and other organizations carrying out activities which are similar to the Company's activities as well as undertaking all financial and industrial business related to the above. The Company can own and construct real estate, buy and develop land for the purpose of using or reselling it and performing specialized contracting jobs. The Company may have an interest in companies or organizations carrying out activities similar to its own or which help it achieve its object in Egypt or abroad. It may also merge with such companies or organizations or buy or affiliate them in accordance with the provisions of the Law and its Executive Regulations.

Subsidiaries:

Al Obour for Paints and Chemical Industries: Al Obour for Paints and Chemical Industries was established according to the order of the head of the Public Organization for Investments and Free Zones number 78 of the year 1999 by virtue of Law 8 of 1997 concerning the investment guarantees and bonuses and its Executive Regulations and was registered in January 14th, 1999. The Company’s object is to establish and operate a factory for the manufacture of paints, printing inks and similar products, animal charcoal and different chemicals related and complementary to these industries, and to manufacture and package all products derived from or related thereto and producing the packaging material used by the Company.

Pachin Inks: Pachin Inks was established according to the order or the head of the Public Organization for Investments and Free Zones number 13623 of the year 2005 by virtue of Law 8 of 1997 concerning the investment guarantees and bonuses and its Executive Regulations and was registered in April 27th, 2005. The Company’s object is the production and packaging of printing inks and different products related and complementary to it and other chemicals the related and complimentary products and chemical products and producing the packaging material used by the Company.

Public Service Activities:

The Company has played a vital role in the area of public services in a diversity of activities and sectors. Those activities are mainly centered around the restoration and painting of some schools, orphanages, places of worship and special needs organizations, in addition to providing financial and technical support to some educational institutions and universities. The Company also sponsors some sports activities of various sports.

Quality assurance:

• Paints and Chemical Industries "PACHIN" is ISO 2000/9001 accredited by DNV.
• Al Obour for Paints and Chemical Industries is ISO 2000/9001 and ISO 14001/2004 accredited by DNV.
• The central laboratories of Al Obour for Paints and Chemical Industries are ISO/IEC/17025 accredited by EGAC.