Hani Berzi gains $8.35 million from Edita shares

Egyptian businessman Hani Berzi, who built his fortune in the packaged food sector, has added $8.35 million in market value over the past 40 days from his controlling stake in Edita Food Industries, amid continued investor interest in one of Egypt’s most recognized snack producers.

Berzi’s Edita stake rises $8.35 million

Berzi, chairman and managing director of Edita, holds a 44.07 percent stake in the company through Quantum Invest BV, amounting to roughly 308.5 million shares. Over the past 40 days, the market value of his holdings has increased from EGP6.79 billion ($142.32 million) to EGP7.19 billion ($150.67 million), adding EGP398 million ($8.35 million) to his fortune.

The recent increase in his stake follows a strong period between Sept. 23 and Oct. 25, when Berzi’s stake jumped from EGP4.91 billion ($102.43 million) to EGP6.17 billion ($128.84 million). That increase alone added about $26.4 million to his holdings, marking one of the most significant short-term gains for a major shareholder on the EGX this year.

Edita market cap surpasses $670 million

Edita, one of Africa’s leading snack food producers, makes cakes, croissants, wafers, and rusks sold across Egypt through an extensive distribution network. The company’s growth has been fueled by steady consumer demand, driven by Egypt’s rising population and a growing preference for convenient, packaged foods.

Over the past 12 days Edita’s share price has risen 5.86 percent climbing from EGP22 ($0.46) on Oct. 15 to EGP23.29 ($0.48), thus propelling its market cap above $670 million and delivering strong returns to shareholders as it attracts both local and foreign investors.

Edita up 65.8 percent year-to-date

Edita is also one of the top-performing stocks on the EGX this year up 65.77 percent since January. A $100,000 investment in the company at the start of 2025 would now be worth $165,770, thus highlighting its prominent position in Egypt’s consumer goods sector.