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Egyptian businessman Hani Berzi, a top figure in the country’s packaged food industry, has recorded a notable increase in his personal wealth as shares of Edita Food Industries extended a strong rally on the Egyptian Exchange.
Over the past 28 days, the market value of Berzi’s controlling stake in Edita has climbed by more than EGP1.29 billion, or about $27.23 million, reflecting renewed investor interest in consumer staples stocks and improved sentiment toward Egypt’s food producers.
Berzi is chairman and managing director of Edita and controls a 44.07 percent stake through Quantum Invest BV, equivalent to roughly 308.5 million shares. As of late November, the value of his holdings had risen to EGP8.09 billion ($170.32 million), up from EGP6.79 billion ($143.09 million) a month earlier.
Share gains lift stake value
The latest rise follows a strong run earlier in the quarter. Between Oct. 15 and Nov. 24, the value of Berzi’s stake increased from EGP6.79 billion to EGP7.19 billion, adding roughly $8.35 million to his holdings in less than six weeks.
Market participants point to improving volumes, steady earnings expectations and resilient consumer demand as key drivers behind the stock’s performance. Edita’s shares have attracted both local and foreign investors looking for exposure to defensive consumer names amid ongoing economic adjustments.
Edita’s position in Egypt’s food market
Founded in 1996, Edita Food Industries is among Egypt’s largest packaged snack producers. Its product range includes cakes, croissants, rusks and wafers sold nationwide through an extensive distribution network that reaches supermarkets, groceries and convenience stores.
It has benefited from Egypt’s large and growing population, where demand for affordable packaged food remains steady despite inflation pressures. Companies with strong brands and pricing power have been better positioned to navigate rising costs.
Stock performance stands out on EGX
Since Nov. 25, Edita’s shares have climbed 19.03 percent, rising from EGP22.02 to EGP26.21. The move has lifted the company’s market capitalization to more than $781 million, delivering solid returns for long-term shareholders.
On a year-to-date basis, Edita’s stock is up 86.55 percent, placing it among the top performers on the EGX. A $100,000 investment made at the start of the year would now be worth about $186,550, underscoring the scale of the rally and its impact on Berzi’s net worth.
