Egyptian businessman Hani Berzi, a top figure in the countrys packaged food industry, has recorded a notable increase in his personal wealth as shares of Edita Food Industries extended a strong rally on the Egyptian Exchange.
Over the past 28 days, the market value of Berzis controlling stake in Edita has climbed by more than EGP1.29 billion, or about 27.23 million, reflecting renewed investor interest in consumer staples stocks and improved sentiment toward Egypts food producers.
Berzi is chairman and managing director of Edita and controls a 44.07 percent stake through Quantum Invest BV, equivalent to roughly 308.5 million shares. As of late November, the value of his holdings had risen to EGP8.09 billion 170.32 million, up from EGP6.79 billion 143.09 million a month earlier.
