The shareholders include the Quantum Investment BV (42%), Kingsway Fund (15%) which is a UK based investment fund, Exoder Limited (13%) which is fully owned by Chipita, and free float (31%). Mr. Hani Berzi is the founder of Edita and serves as its Chairman and Managing Director.

The proposed IFC investment is a loan of up to US$30 million for IFC’s own account to finance Edita’s investment plan.

 Edita’s headquarters is in Sixth of October City in Giza governorate. Three out of Edita’s five production facilities are located in Sixth of October City, one is located in Tenth of Ramadan City in Sharqia governorate, and one in Beni Suef governorate. Edita’s planned production facility in Morocco will be located in Casablanca.

  This project involves expanding of Edita’s operations in Egypt by introducing additional production lines, and to establish operations in new markets beginning with Morocco. The investment is expected to have limited E&S impacts which are site-specific, and temporary in nature. Accordingly, this is a Category B project as per IFC’s Environmental and Social Sustainability Policy.

Key environmental and social issues, risks and areas of improvement for this investment are: (i) enhancing the capacity to assess and manage social impacts associated with the project,  (ii) more comprehensive human resources policies and procedures, and monitoring of working conditions and terms of employment, (iii) enhanced implementation of resource efficiency measures, including wastewater management; and (iv) increase monitoring and management of supply chain risks.