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Egyptian dairy Domty aims to float 30% of company within two years - Daily News Egypt

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Egyptian dairy Domty aims to float 30% of company within two years

Reuters – Arabian Food Industries Co (Domty), one of Egypt’s top dairies, plans to float 30% of the company in an initial public offering within two years, Chairman Omar el-Damaty has told reporters. The firm, which has a market share of 32%, produces 80,000 tons of cheese a year and exports to Jordan, Lebanon, and …


Reuters – Arabian Food Industries Co (Domty), one of Egypt’s top dairies, plans to float 30% of the company in an initial public offering within two years, Chairman Omar el-Damaty has told reporters.

The firm, which has a market share of 32%, produces 80,000 tons of cheese a year and exports to Jordan, Lebanon, and Libya.

Domty started a line of juices three months ago, which will help increase sales to 1bn Egyptian pounds ($142.86m) this year from 850m in 2013, Damaty said.

The firm plans to increase its production lines in Egypt to 16 from 4 by the end of the year.

Topics: Domty

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https://dailyfeed.dailynewsegypt.com/2014/04/29/egyptian-dairy-domty-aims-float-30-company-within-two-years/
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