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Egyptian tycoon Hani Berzi has seen the value of his stake in Edita Food Industries rebound sharply, recovering ground lost earlier in September. Over the past week, the company’s stock surged on the Egyptian Exchange (EGX), pushing Berzi’s holdings above $120 million.
Berzi, who serves as chairman and managing director, owns a 44.07 percent stake in Edita through Quantum Invest BV. His 308.5 million shares have gained $25.12 million in market value, reversing declines recorded just weeks ago.
In mid-September, his stake had fallen $11.19 million, from $118 million to $106 million, following a dip in Edita’s share price. The recent rally reflects renewed investor confidence in the company’s prospects.
Egypt snack maker hits $580 million market cap
Edita Food Industries is one of Egypt’s leading packaged snack producers. Its products, which include cakes, croissants, rusks, and wafers, are sold nationwide through an extensive retail network. The company has steadily benefited from rising consumer demand, a trend supported by Egypt’s growing population.
In the eight days since Sept. 23, Edita’s stock has climbed 25.79 percent, rising from EGP15.90 ($0.33) to EGP20 ($0.42). This increase has pushed the company’s market capitalization past $580 million and delivered notable returns for shareholders.
For Berzi, the rebound added EGP1.26 billion ($26.41 million) to his holdings, lifting the value of his stake from EGP4.91 billion ($102.43 million) to EGP6.17 billion ($128.84 million).
Edita shares gain 42 percent
Edita’s stock has been one of the best performers on the EGX this year, rising 42.35 percent since January. A $100,000 investment in the company at the start of 2025 would now be worth $142,350. The surge has strengthened Berzi’s personal wealth and underscored his role in Egypt’s consumer goods sector.
Analysts say that sustained demand for packaged foods and the company’s broad product range could continue to support Edita’s growth. Berzi has overseen a steady expansion strategy, ensuring the company remains competitive while responding to evolving consumer preferences.
