Wadi Group appoints new CEO, announces corporate restructuring
“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 Tony Freiji, CEO of Wadi Group and Chairman of Mazareh and Sina3at. “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, Wadi Group’s workforce, inclusive of all subsidiaries in Egypt, consisted of 3300 full time employees and it is expected to exceed 5000 employees by the end of 2014. The existing farms of the Company occupy over 5,500 acres of land, out of which over 4,400 acres are planted with organic olive trees, grapevines, and vegetables. The remaining 1,100 acres of land are in reserve to accommodate future expansion in agriculture and related industries. Wadi Group has received HACCP and ISO 9001 and ISO 22000 certifications, in addition to EU 2092/91 & NOP, Organic certification.