Edita Food Industries’ (EFID.CA) Board of Directors (BoD) accepted the resignation of the company’s Chief Financial Officer Sherif Fathy, who has been working at the company since 2007, for personal reasons during its meeting held on 26 July 2016. The BoD also reviewed some planned expansions including plans to start installing the previously-announced new candy line with an annual capacity of 2,000 tonnes, which is expected to start operations in 3Q16. A new wafer line with an annual capacity of 3,000 tonnes is also expected to be added at the new E08 plan and is set to start production by 2Q17. Edita is also studying plans to purchase a piece of land on which it can establish a raw material production unit needed for some of the company’s products. (Company disclosure)   Edita Food Industries: EGP14.44 as of 27 July 2016, Rating: Neutral, FV: EGP16.50 per share, MCap: USD1,180mn, EFID EY / EFID.CA