Edita planning to export to Saudi Arabia, UAE this year
Edita Food Industries [EFID.CA] is planning to export to Saudi Arabia and the UAE this year, in addition to beginning exports of packaged snacks to Morocco, Investor Relations Director Menna Shams El Din said. Edita is in the process of building a new factory in Morocco under a partnership with Dislog Group, to begin operations in 3Q19, and is planning to spend EGP180mn on its Egypt operations this year, she added.
Edita Food Industries: EGP20.48 as of 20 May 2018, Rating: Buy, TP: EGP22.50/share, MCap: USD831mn, EFID EY/EFID.CA
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