Edita Signs MOU to Establish a JV in Morocco

Cairo, December 10, 2017

Edita Food Industries has entered into a memorandum of understanding (MoU) with Morocco's Dislog Group for establishment of "Edita Food Industries - Morocco", for manufacture and distribution of Edita's products in Morocco.

It is agreed that Edita will hold a majority stake of 51% in the joint venture with Dislog Group, which is a leading private distribution company of main FMCGs in Morocco, with an estimated initial investment of around USD $10,000,000.

This MoU reinforces Edita's regional expansion strategy and further consolidates its position as a leading company in the packaged snack food market.

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Contacts

Ms. Menna Shams El Din

Investor Relations and Business Development DirectorT: +202 3851 6464 | M: +20 100 1542428 |  menna.shamseldin@edita.com.eg