On behalf of the Board of Directors of EiPICO,   I have the honour of presenting to you the 1998 annual report.    The results of EiPICO activities have been extremely favorable.   After Thirteen Years since the start up of production, the company was able to create continuos growth and to strengthen its economic and Financial statement to comply with its targets.   To day EIPICO IS the largest local producer of medicine with 8% market share and become the Egyptian Industry Leader in production, sales and exports.   EIPICO aims to continue to grow through its ambitions targets to increase its value to the benefit of its shareholders.   EIPICO exhibits one of the highest operating margins in the in the Egyptian Pharmaceutical Industry .

CHAIRMAN                    Dr. Ahmed Borhan El- Dine Ismail Executive Manager

BOARD MEMBERS

MANAGEMENT COMMITTEE

                                       P.DR. Hamdy El- Sayed

                                                    P.DR. Abd El- Aziz Abd EL Rehim. R & D Manager

                                                    DR. Abd –Allah Dessouki Production Manager

                                                    DR. Aly Mohamed El- Sharkawi

                                                    DR. Mohamed Ragheb Dewidar.

                                                    Ac/ Mohamed Mohamed El-Kadi

                                                    DR. Mohmoud Hamdi Tewfik Marketing Manager

                                                    AC/ Mohamed Khairy Taha Financial Manager

                                                     Dr. Mohamed Farouk Esmat. Export Manager