Egyptian businessman Hani Berzi, a prominent figure in the Middle East and North Africas consumer products sector, has seen more than 11 million wiped from his stake in Edita Food Industries after a sharp drop in the companys stock price.
Berzi holds more than 308.5 million shares in Edita through Quantum Invest BV, giving him control of 44.07 percent of the company. Over the past 27 trading days, the value of his holding fell by EGP536.84 million 11.19 million, reducing his total stake from about 118 million in early August to roughly 106 million.
EGX sees Edita stock decline