London Stock Exchange welcomes Egypt’s Edita Food Industries

Edita becomes first Egyptian company to complete a dual, Egyptian and UK offering
First listing by an Egyptian company in London since 2012
First Egyptian company to raise money in London since 2008

London Stock Exchange formally welcomed Edita Food Industries to its markets today. The Cairo-based group, a leader in Egypt's burgeoning packaged snack foods market, raised $275m by simultaneously issuing Global Depository Receipts (GDRs) in London and ordinary shares on the Egyptian Exchange (EGX). The institutional offer was 13.4 times oversubscribed and Edita's market capitalisation on listing is $891 million.

Edita is the first Egyptian company to complete a simultaneous dual listing and the first Egyptian consumer products company to list in London. Edita is also the first Egyptian company to list in London since 2012 and the first to raise equity capital in London since 2008.