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Decided on April 21, The sole question at issue in this appeal is whether it is permissible for the appellant company, having regard to the terms of its Memorandum of Association, to engage in the business of exporting salt from Egypt. The respondent company is a shareholder of the appellant company and as such asks and has obtained from His Britannic Majesty's Supreme Court for Egypt, an injunction restraining the appellant company from engaging in this branch of business. The present appeal is against the order so obtained. To place the controversy in its due setting it is necessary to refer to the agreed documents in the case. From these the essential facts may be briefly extracted. It appears that by decree of 26 August, , the Khedive established a monopoly in Egypt of the extraction, manufacture and sale of salt and natron or native sodium carbonate. In an Egyptian limited company, the Societe Anonyme des Soudes Naturelles d'Egypte, which it will be convenient to call 'the Egyptian Soda Company,' was formed to operate a concession obtained by it from the Egyptian Government. This concession conferred on the Egyptian Soda Company the exclusive right to exploit the minerals and natural products in the lands or lakes of a domain known as Wadi- Natron, which is situated to the west of the Nile in lower Egypt, and in particular to manufacture and export soda. The concession expressly stipulated that the Egyptian Soda Company should on no account sell or export salt, this being a monopoly of the State. Thereafter an English syndicate, known as the Egyptian Syndicate Limited, acquired the undertaking of the Egyptian Soda Company, including its Wadi-Natron concession, and shortly afterwards entered into an agreement with the Egyptian Government whereby the latter ratified the transfer to the Syndicate of the Egyptian Soda Company's Wadi-Natron concession and further conferred on the Syndicate the Government's monopoly right of manufacturing and selling salt in Egypt, the two concessions to be merged into one in the hands of the Syndicate. The salt was to be obtained by the Syndicate exclusively from the salines or salt deposits of Mex in the western part of Lake Mariout, and the sole right to export the salt so obtained was conferred on the Syndicate. In this agreement with the Syndicate the Egyptian Government expressly reserved the right on six months' notice to abolish the salt monopoly, in which case, however, the Syndicate was to continue to have the right of exploiting the salines of Mex and the Wadi-Natron concession was to remain in full force. The Syndicate thus came to hold both the Wadi-Natron concession with the right to manufacture and export soda and the Mex concession with the right to exercise the Government's monopoly of selling salt in Egypt and for export. The Syndicate next proceeded to promote the appellant company and an agreement between the Syndicate and the company about to be formed was prepared, being the agreement referred to in Head 3 A of the appellant company's Memorandum of Association quoted below. The appellant company was duly incorporated under the English Companies Acts on 27 October , and the agreement was executed three days later on 30 October It provided for the purchase by the appellant company from the Syndicate of: 1 the undertaking of the Egyptian Soda Company and its Wadi-Natron concession and 2 the rights of the Syndicate under the Mex concession: 'but with the reservation that the company shall not do any export trade in salt, such right of export being reserved by the Syndicate from the sale to the company. The Syndicate in exercise of such reserved rights of export of salt being bound by all the conditions imposed by the Government upon the export of salt under the terms of the said concessions. Consequently, while the appellant company acquired the Syndicate's right to manufacture and sell salt in Egypt it did not acquire its right to export salt from Egypt, and was disabled from engaging in the exportation of salt so long at least as the Government monopoly continued in force. The monopoly right of exporting salt which the Syndicate had obtained from the Government and which it excluded from the sale to the appellant company was however subject to the Government's expressly reserved right to terminate the salt monopoly. This reserved right the Government subsequently exercised and from 1 January , the salt monopoly was entirely abolished, whereupon the reservation of the right of export in the agreement between the Syndicate and the appellant company ceased to operate as a restriction disabling the appellant company from engaging in the export of salt, except in so far as it had any contractual effect.

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As a responsible organisation, Sanmar recognises the importance of its obligations beyond employees and stakeholders to embrace society at large. The Group has made substantial investment in its people and the community to make the organisation an invigorating place of work amidst confident neighbours. Sanmar is the largest Indian investor in Egypt's chemical business, the largest caustic soda manufacturer in that country and among the world's top PVC producers. TCI Sanmar took up the responsibility of providing the basic necessities for the economically backward at the Quaboty area in Port Fouad. Supply of rice, oil, sugar, tea, lentil and bean, dry apricots, coconut, raisins, dates and meat per family in the economically weaker section of the population at the Quaboty area is being given free of cost. To identify the poor families needing such help, a team of eight workers from the factory interested in community development and influential in the neighbourhood were selected from various disciplines. This team has worked in close cooperation with the Imam of the Mosque, Mahmoud El Elady, who enjoys a good reputation with the Quaboty people. So far nearly families have benefited from the food supplies. TCI Sanmar met the cost of eye surgery for a young girl during the year In another instance, an eye operation was performed on a child during March A cooperation protocol for construction of a school for basic education primary and preparatory inside the housing project at EI Quaboty area was signed between the Governor of Port Said and TCI Sanmar Chemicals on May The project to be spearheaded by the Government of Port Said is estimated to cost EGP 5 million upon an area of 50,m with a capacity of 30 classrooms, a library, playground and facilities for entertainment activities. An agreement was signed in February and a payment of EGP has been made towards the first phase of this project. The road ahead TCI Sanmar wishes to carry out social improvement initiatives including monthly food supplies, critical medical care, basic education and preservation of the environment on an ongoing basis. The festival, produced by Teamwork Productions, was a celebration of contemporary and classical music, dance, theatre, visual art, film, food and literature. The festival facilitated a collaborative exchange between literary figures, performers and visual artists from India and Egypt. Collaboration between them was the over-riding theme in some of the shows. The Festival was a platform to showcase the wealth of India's classical and contemporary cultural heritage and an attempt to provide the Egyptian audiences with the cultural diversity of the country. The four-week long show began on 13 April with a literature symposium with Indian and Egyptian authors. This was followed by classical and contemporary music, theatre and dance, a food festival and a free master class in Bollywood dance. The festival attracted over visitors from across Egypt, a tremendous amount of press articles, blogs, interviews and coverage on TV and radio channels. Choose the Font : Complaints. TCI Sanmar Chemicals: An investor in society As a responsible organisation, Sanmar recognises the importance of its obligations beyond employees and stakeholders to embrace society at large. The help from Sanmar is extended in the form of: monthly food supplies critical medical care basic education and preservation of the environment Monthly food supplies Supply of rice, oil, sugar, tea, lentil and bean, dry apricots, coconut, raisins, dates and meat per family in the economically weaker section of the population at the Quaboty area is being given free of cost. Critical medical care TCI Sanmar met the cost of eye surgery for a young girl during the year Basic education A cooperation protocol for construction of a school for basic education primary and preparatory inside the housing project at EI Quaboty area was signed between the Governor of Port Said and TCI Sanmar Chemicals on May

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