Egyptian businessman Hani Berzi gains $8.3 million from Edita Foods shares
Hani Berzi’s Edita stake rises $8.35 million as the snack producer’s market cap tops $670 million amid strong investor demand.
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Hani Berzi’s Edita stake rises $8.35 million as the snack producer’s market cap tops $670 million amid strong investor demand.
Hani Berzi’s stake in Edita Food Industries rises above $120 million after stock surges on the EGX.
Egyptian businessman Hani Berzi’s Edita stake drops $11 million after stock slide, though annual gains remain largely intact.
Egypt’s Edita Food Industries, led by Hani Berzi, posts $190.7 million H1 2025 revenue, with profit up 22.7% despite lower sales volumes.
A strong rebound in Edita’s stock boosts Berzi’s wealth and underscores renewed investor confidence in Egypt’s snack food sector.
The decline marks another blow for Berzi, who chairs the Cairo-based snack maker and owns a 44.07-percent controlling stake.
Edita launches a premium frozen bakery line for Egypt’s food service sector, targeting cafés, hotels, and restaurants with ready-to-bake pastry solutions.
The decline stems from a steep fall in the company’s share price on the EGX, reflecting growing investor caution.
This payout, which more than double what he received last year, underscores Edita’s strong financial position and its commitment to rewarding shareholders.
Edita Food Industries plans a $2.76 million capital boost via retained earnings, doubling issued capital to $5.53 million as part of its regional expansion strategy.
While revenue surged, higher operational costs and currency devaluation cut into profits, pushing earnings below the previous year’s $30 million benchmark.
Wary investors have been pulling back from the company as part of a broader shift on the EGX, increasing selling pressure on Edita Food’s stock.
The company’s stock suffered a downturn on the Egyptian Exchange (EGX), reflecting the ongoing challenges in Egypt’s snack food market.
Over the past 15 days, Berzi's stake has surged by EGP823.77 million ($16.92 million), increasing the market value of his holdings above $190 million.
This setback follows earlier gains made between May 14 and 27, when the value of Berzi’s stake surged by $17.18 million.