KRDI Nahr El Khair 8,665-feddan West Minya reclamation operator — real agricultural assets, inflation-hedge balance sheet, but likely fails Sharia leverage screen and has missed OIB projections by ~22% two years running. Jan 2022 prospectus + Dec 2025 shareholder disclosure: real reclamation assets 8,665 feddans but fails Sharia leverage ~69% debt/assets 2021 , missed OIB plan ~22%, and now documented distribution — founder cut 10%, two >5% holders exited, board independents 4→1, ~10k shareholders vs 466 at listing, 56% monthly rise with company denying material news. Environmental services government cleaning contracts funding agricultural build-out on 1.5m-feddan West Minya allocation — conditional land title, not outright ownership. Research Pend publishes — not investment advice. Users apply their own mandate.

KRDI (Nahr El Khair)

8,665-feddan West Minya reclamation operator — real agricultural assets, inflation-hedge balance sheet, but likely fails Sharia leverage screen and has missed OIB projections by ~22% two years running.

Jan 2022 prospectus + Dec 2025 shareholder disclosure: real reclamation assets (8,665 feddans) but fails Sharia leverage (~69% debt/assets 2021), missed OIB plan ~22%, and now documented distribution — founder cut 10%, two >5% holders exited, board independents 4→1, ~10k shareholders vs 466 at listing, 56% monthly rise with company denying material news.

Environmental services (government cleaning contracts) funding agricultural build-out on 1.5m-feddan West Minya allocation — conditional land title, not outright ownership.

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