Cairo - Mubasher: The board of Ajwa Group for Food Industries - Egypt agreed, in its 2 December 2025 meeting, to raise the company’s issued capital to EGP 500 million from EGP 200.95 million.
Ajwa Egypt will increase the capital by EGP 299.04 million through the issuance of 29.90 million new shares at a nominal value of EGP 10 per share, according to a bourse filing.
The board members also approved to be part of establishing a new company for food industries in which Ajwa Egypt will hold 10% of the capital.
The new food venture will focus on food manufacturing and processing, as well as distribution and supply chain services.
In a follow-up disclosure to the Egyptian Exchange (EGX), Ajwa Egypt elaborated that there are no current details of the new food venture since it is still under foundation.
Furthermore, the board initially decided to sell up to 10% of its equity in Orouba for Food Industry Company, noting that the decision is not final.
During the first nine months (9M) of 2025, Ajwa Egypt registered an annual plunge in non-consolidated net profits after tax to EGP 14.28 million, compared to EGP 23.13 million.
