AMOC Alexandria Mineral Oils Refiner migrating from thin-margin EGPC fuel sales to higher-margin specialty oils and wax exports — five straight years of dividend increases. AMOC is not state-majority controlled like CSAG or MICH — ~38% free float, dispersed bank and pension ownership. Longest consecutive dividend increase streak among Pend's screened EGX income names; FY2026 profit target raised to EGP 2.1bn +105% . Refining spreads and wax export migration drive profit — different from ABUK/MFPC fertilizer trade. Second-stage refiner in Alexandria — fuels diesel, naphtha, LPG, mazot plus oils and waxes; 86.45% of Alexandria Wax Products. Research Pend publishes — not investment advice. Users apply their own mandate.

AMOC (Alexandria Mineral Oils)

Refiner migrating from thin-margin EGPC fuel sales to higher-margin specialty oils and wax exports — five straight years of dividend increases.

AMOC is not state-majority controlled like CSAG or MICH — ~38% free float, dispersed bank and pension ownership. Longest consecutive dividend increase streak among Pend's screened EGX income names; FY2026 profit target raised to EGP 2.1bn (+105%). Refining spreads and wax export migration drive profit — different from ABUK/MFPC fertilizer trade.

Second-stage refiner in Alexandria — fuels (diesel, naphtha, LPG, mazot) plus oils and waxes; 86.45% of Alexandria Wax Products.

Research Pend publishes — not investment advice. Users apply their own mandate.