{"id":577933,"date":"2022-12-11T04:00:17","date_gmt":"2022-12-11T04:00:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/el-rashidi-el-mizan-to-embark-on-usd-150-mn-expansion-next-year\/"},"modified":"2022-12-11T04:00:17","modified_gmt":"2022-12-11T04:00:17","slug":"el-rashidi-el-mizan-to-embark-on-usd-150-mn-expansion-next-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/el-rashidi-el-mizan-to-embark-on-usd-150-mn-expansion-next-year\/","title":{"rendered":"El Rashidi El Mizan to embark on USD 150 mn expansion next year"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>More halawa, please:<\/strong> Leading confectionery producer <a href=\"http:\/\/www.elrashidielmizan.net\/en\/home\">El Rashidi El Mizan<\/a>, a subsidiary of Saudi-owned investment group Olayan, will invest USD 150 mn in 2H 2023 to expand production in Egypt, Sherif William, the company\u2019s director of commercial sales, told <a href=\"https:\/\/www.alborsaanews.com\/2022\/12\/10\/1607299\">Al Borsa<\/a>. The company will add six new production lines during the six-month period, which is part of a broader five-year expansion plan, he said. El Rashidi El Mizan plans to produce new products, William said, without providing further details.<\/p>\n<p><strong>El Rashidi is one of the oldest confectionery manufacturers in Egypt<\/strong> and is famous particularly for its halawa and tahini products. El Rashidi\u2019s products range has expanded in the past few years, introducing jams, tomato paste, honey, molasses, rice and a ready-to-eat range. The company currently produces 5k tons per month at its six factories in Sixth of October, which it hopes to double, William said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>More halawa, please: Leading confectionery producer El Rashidi El Mizan, a subsidiary of Saudi-owned investment group Olayan, will invest USD 150 mn in 2H 2023 to expand production in Egypt, Sherif William, the company\u2019s director of commercial sales, told Al Borsa. The company will add six new production lines during the six-month period, which is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":577934,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[6440,72,6329,125,9114],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-el-rashidi-el-mizan","tag-enterpriseam","tag-fb","tag-investment-watch","tag-olayan","wpautop","entry"],"acf":{"mongo_id":"28e9236d-d08e-4d4d-abfe-a8ccc6e19bd1","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/187.jpg","photo_position":"above","related_issue":[577918],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>El Rashidi El Mizan to embark on USD 150 mn expansion next year - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/el-rashidi-el-mizan-to-embark-on-usd-150-mn-expansion-next-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Rashidi El Mizan to embark on USD 150 mn expansion next year\" \/>\n<meta property=\"og:description\" content=\"More halawa, please: Leading confectionery producer El Rashidi El Mizan, a subsidiary of Saudi-owned investment group Olayan, will invest USD 150 mn in 2H 2023 to expand production in Egypt, Sherif William, the company\u2019s director of commercial sales, told Al Borsa. The company will add six new production lines during the six-month period, which is [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/el-rashidi-el-mizan-to-embark-on-usd-150-mn-expansion-next-year\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-11T04:00:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/187.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/el-rashidi-el-mizan-to-embark-on-usd-150-mn-expansion-next-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/el-rashidi-el-mizan-to-embark-on-usd-150-mn-expansion-next-year\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"El Rashidi El Mizan to embark on USD 150 mn expansion next year\",\"datePublished\":\"2022-12-11T04:00:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/el-rashidi-el-mizan-to-embark-on-usd-150-mn-expansion-next-year\/\"},\"wordCount\":157,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/el-rashidi-el-mizan-to-embark-on-usd-150-mn-expansion-next-year\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/187.jpg?fit=%2C&ssl=1\",\"keywords\":[\"El Rashidi El Mizan\",\"EnterpriseAM\",\"F&amp;B\",\"investment watch\",\"Olayan\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/el-rashidi-el-mizan-to-embark-on-usd-150-mn-expansion-next-year\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/el-rashidi-el-mizan-to-embark-on-usd-150-mn-expansion-next-year\/\",\"name\":\"El Rashidi El Mizan to embark on USD 150 mn expansion next year - 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The factory was partially financed through a loan from the European Bank for Reconstruction and Development, and is\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":613601,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/17\/actis-a-longtime-investor-in-egypt-and-champion-of-emerging-markets-will-merge-with-general-atlantic\/","url_meta":{"origin":577933,"position":4},"title":"Actis, a longtime investor in Egypt and champion of emerging markets, will merge with General Atlantic","author":"enterpriseam admin","date":"17 January 2024","format":false,"excerpt":"The acquisition would add Actis\u2019 USD 12.5 bn worth of assets to General Atlantic\u2019s USD 83 bn portfolio","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1365.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564090,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/08\/following-its-ipo-success-taaleem-is-in-market-for-an-acquisition\/","url_meta":{"origin":577933,"position":5},"title":"Following its IPO success, Taaleem is in market for an acquisition","author":"enterpriseam admin","date":"8 August 2021","format":false,"excerpt":"Higher education outfit Taaleem could potentially acquire an unnamed local education provider, Managing Director Mohamed El Rashidi reportedly told Al Mal. 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