Egyptian Wadi Group celebrates its 25th anniversary and has announced the appointment of Tony Freiji as the company's new CEO.
The new appointment comes as Wadi Group
is in the midst of the corporate restructuring of its twelve subsidiaries operating in four sectors: poultry, food processing, feed manufacturing, and industries such as manufacturing glass containers and cooling cell pads.
"As Wadi Group celebrates its 25th anniversary, our corporate vision and values are as strong as ever," said Musa Freiji, Chairman of Wadi Group.
"Our great achievements over the past quarter century are due to our industry expertise, wealth of experience, sound business practices, in-depth market intelligence, and our extremely dedicated staff.
“Our ultimate objective, at the onset and into the future, is to contribute in the real economic development of Egypt and other Arab countries, offering many job opportunities, and bringing about prosperity of our countries."
Wadi Group is in the process of restructuring the company into two sub-holding companies: Mazareh and Sina3at.
The agro-business subsidiaries are grouped under Mazareh, including Katkoot al Wadi, Wadi Feed, and Wadi, under which Wadi Food and Wadi Farms are positioned.
Wadi Group's industrial subsidiaries, including Wadi Glass and Tabreed, are grouped under Sina3at.
" Wadi Group prides itself on our ability to quickly adapt to and take advantage of opportunities for further development of the market," said new CEO Tony Freiji.
"Diversifying our business portfolio is also one of our primary business objectives. Over the past 25 years we've been able to successfully establish businesses that complement our core competencies and we look forward to continuing to do so for many more years to come."
Wadi Group has expanded rapidly across the agro-business and industrial sector in Egypt, growing its sales revenue by an annual rate of not less than 25% every year since 1996.
As of September 2010, its workforce, inclusive of all subsidiaries in Egypt, consisted of 3,300 full time employees and it is expected to exceed 5,000 employees by the end of 2014.
The existing farms of the Company occupy over 2,200 hectares of land, out of which 80% are planted with organic olive trees, grapevines, and vegetables.
The remaining 20% are in reserve to accommodate future expansion in agriculture and related industries.