Edita chairman Hani Berzi loses $7 million as shares fall

Key Points

• Hani Berzi’s Edita stake lost over $7 million in value amid a 4.19% share price drop on the Egyptian Exchange.
• Berzi controls 44.07% of Edita via Quantum Invest BV, now worth roughly $164 million after recent market declines.
• Edita’s market cap dipped below $375 million as investors grow cautious over inflation, currency swings, and slowing consumer demand.

Egyptian businessman Hani Berzi has witnessed a significant drop in the market value of his stake in Edita Food Industries, losing over $7 million. The decline stems from a steep fall in the company’s share price on the Egyptian Exchange (EGX), reflecting growing investor caution.

Berzi owns a 44.07-percent stake in Edita through Quantum Invest BV, giving him control of around 308.5 million shares. Over the past 50 trading days, the value of that stake has fallen by EGP373.32 million (roughly $7.39 million), bringing his holdings down to about $164 million.

Shares under pressure in a tough market

Edita, a leading player in Egypt’s packaged snack market, is known for its cakes, croissants, rusks, and wafers, which are sold across a wide distribution network. But despite its strong brand presence, the company’s shares have lost momentum. Since late March, the stock has slipped by 4.19 percent, falling from EGP28.16 ($0.56) to EGP26.98 ($0.53).

This recent dip has dragged Edita’s market capitalization below $375 million and sent a wave of concern through investors, many of whom are watching closely to see how the company will respond to a tightening consumer environment and rising costs.

The continued pressure on the stock has knocked EGP364 million ($7.21 million) off the market value of Berzi’s stake, trimming it from EGP8.69 billion ($172.02 million) to EGP8.32 billion ($164.81 million). It’s a sign of how quickly market sentiment can shift, especially in a sector grappling with inflation, currency swings, and changing consumer habits.

Investors stay wary as broader market cools

So far this year, Edita’s shares are down just 0.33 percent, but that small dip mirrors a wider sense of caution among investors navigating Egypt’s tricky economic environment. To put it in perspective, a $100,000 investment in Edita shares at the start of 2025 would now be worth around $99,670, a modest drop, but one that reflects growing anxiety in the market.