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GIZA - Edita Food Industries (EGX:EFID) S.A.E. announced Monday that its board of directors unanimously approved the company’s standalone and consolidated financial statements for the period ended June 30, 2025, along with the auditor’s report.
The board also confirmed the establishment of Edita Investments Holding LTD in the United Arab Emirates, which has invested 960,700,000 Iraqi Dinars in Ahramat Al-Nile for General Trading and Food Industries Limited (formerly Tuma Jebur Abbas) in Iraq through a capital increase. Documentation of this increase with Iraqi administrative authorities is currently in process.
According to the press release statement, Edita plans to commence operations in Iraq by the end of 2025, following a partnership agreement signed with TJA in January 2025.
The board meeting, held Monday, also approved the company’s activity report for the period ended June 30, 2025, as well as reports from the Audit and Risk Committees.
Additional resolutions passed during the meeting included approval of bank authority powers and spending limits, along with delegation of authority to sign experience certificates issued by the company.
Edita Food Industries is an Egyptian food manufacturer that trades on the Egyptian Exchange.
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