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23-May-2016

Food Industries Holding Company to list on stock exchange in six months

The Ministry of Supply has appointed advisers to evaluate the financial position of the Food Industries Holding Company (FIHC) and its subsidiaries and propose plans for the Ministry to list the company on the Egyptian stock exchange within six months. One of the options to restructure the company and its subsidiaries is to list the holding company itself and raise its capital, which will be used to turn the loss-making subsidiaries into profitable companies. Another option is to lease additional production lines for the subsidiaries to increase their production levels, in addition to developing  trademarks for the companies’ products. (Al Alam Al Youm)

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