Edita to expand into Saudi Arabia and UAE

Edita is planning to export to Saudi Arabia and the UAE this year, Investor Relations Director Menna Shams El Din tells Al Mal. The company will also begin exporting packaged snacks to Morocco after Ramadan, she adds. Edita is building a new factory in Morocco under a partnership with Dislog Group, which should begin operating by 3Q2019. The company hopes to finance the USD 10 mn facility through a loan, said Shams El Din. The company plans to spend EGP 180 mn in its Egypt operations this year, she added.