The sector is primarily geared towards the
domestic market with a plethora of mostly small sized family
undertakings. CIIC has concentrated on a handful of investments
and is aiming to create synergies and integration, especially
those with export potential.
In
the primary agribusiness the portfolio includes Nadco which
is a first class farm producing high quality fruits exclusively
for export to Europe and developing into the down stream. CIIC
also has positions in the two leading firms, Wadi Holding -
a world class entity with an impeccable track record. Wadi is
also a preview olive oil producer, which for the second year
running has obtained fourth place in a global competition and
Cairo Poultry - an integrated poultry producer.
In
the processed food sector, investments are held in Vitrac, the
number one jam and fruit juice producer as well as in ABC the
dominant beverage company. Our position in Chipsy, the premier
salty snacks company, was successfully exited subsequent to
its merger with Tasty Foods, the Fritio Lay Pepsico subsidiary.