Edita Iraq (IFC-52787)

Countries
  • Egypt
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 31, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Edita Food Industries S.A.E
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 8, 2026

Disclosed by Bank Jul 1, 2026

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

 

According to bank provided information, he proposed investment consists of an up to US$25 million (M) A-Loan under Expedited Processing for Existing Clients to IFC’s client Edita Food Industries S.A.E (“Edita” or the “Parent Company”), and its subsidiaries Ahramat Al-Nile for General Trading and Food Industries Ltd. (formerly TJA) (the “Company” or “Edita Iraq”),  Edita Participation Cyprus Ltd. (“Edita Cyprus”) and Edita for Trade and Distribution S.A.E (together the Co-Borrowers). The loan will be used to support (i) new operations in Iraq by financing the expansion of production lines, equipment, property, and working capital, aiming to more than double capacity and fully commission new lines by 2028 and (ii) Edita’s operations in Egypt with working capital.

IFC will explore providing Advisory Services to provide customized advice to develop the Company’s sustainability framework.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

IFC will provide an up to USD25 million senior loan to finance Edita’s expansion to Iraq and working capital requirements.  

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Edita is a listed company in Egypt. It was founded and is led by Hani Berzi. His family’s investment vehicle, Quantum Investment B.V., is the controlling shareholder of Edita with about 45%, followed by Koenigsweg Holdings Ltd. (around 10%) and Rimco Egt Investments LLC (around 10%), both of which are financial investment entities holding significant minority stakes in the company. The remaining shareholding is made up of free float, some institutional investors, public and other investors.

Edita Iraq is a Baghdad-based snack manufacturer owned 51% by Tuama Jebur Abbas (TJA) and 49% by Edita Investments Holding LTD, an Abu Dhabi Global Markets (ADGM) company wholly owned by Edita.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Edita Food Industries Company (S.A.E) Client Industry and Trade

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Edita Food Industries S.A.E.
Diana Wadid
Group Head of Treasury
+20 238 516 464
diana.wadid@edita.com.eg
P.O Box 64 El Sheikh Zayed – ZIP code 12588, 6th of October City, Egypt
www.edita.com.eg

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

How it works

How it works