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28-Sep-2016

Edita appoints new CFO

Edita Food Industries (EFID.CA) announced that it has appointed Sameh Naguib as the new Vice President (Finance) and Chief Financial Officer (CFO), following the resignation of Sherif Fathy, who has worked with Edita for nine years and will depart on 1 October 2016. Naguib previously worked as CFO of the ASEC Mining (known as ASCOM), in which he was also a member of the board of directors (BoD). He also held senior positions at Heineken International in Egypt, Algeria and the Netherlands. (Company disclosure)   Edita Food Industries: EGP9.89 as of 27 September 2016, Rating: Neutral, FV: EGP11.80 per share, MCap: USD808mn, EFID EY / EFID.CA

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