Cairo Poultry plans EGP 1 bn expansion drive

Cairo Poultry Company plans to invest EGP 1 bn in the sector over the coming 3-5 years if it finds prospects in line with its expansion strategy, Managing Director Adel El Alfy tells Al Mal. The company is looking to expand its business through either acquiring existing players in the industry or setting up new chicken farms, which would be financed at a 50-50 debt-to-equity ratio, El Afly said. Cairo Poultry is publicly traded on the EGX, and has a market capitalization of almost EGP 2.2 bn.