Domty is considering setting up a factory in Saudi Arabia in the near future, CEO Mohamed El Damaty told EnterpriseAM. The move comes as part of the EGX-listed company’s plan to set up shop in its largest export markets — the GCC and Africa. The timeline for the targeted expansion was not disclosed.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

Denmark’s Arla Foods is still interested in the food manufacturer, we were told. Arla previously announced its intention to acquire 100% of Domty in a transaction that was valued at EGP 8.9 bn in October last year. Arla is expected to submit a new offer to acquire a stake in Domty after the bakery division is separated, El Damaty confirmed.

REMEMBER- The Danish company had previously delayed submitting a mandatory tender offer to acquire the company in April, after Domty announced its intention to separate its bakery segment from the company ahead of the sale. Arla cited its inability to complete legal, financial, and technical due diligence, while Domty proceeded with a spin-off, which led it to put the acquisition on ice for the time being.

The spinning off of its bakery division into a separate company is expected to be completed by the end of this year, with the new company set to be listed on the EGX during 1Q 2026, El Damaty said.

The El Damaty family intends to remain a shareholder in the company post-acquisition, while Mohamed El Damaty will continue as managing director, El Damaty told us.

Tags: