Product Offerings
Product Categories:
Snacks, Bakery Products
Products:
Croissants, Doughnuts, Snacks, Cakes
Snacks, Bakery Products
Croissants, Doughnuts, Snacks, Cakes
EGYBELG, officially known as the Egyptian Belgian Company for Industrial Investments, is a prominent Egyptian bakery firm specializing in the production and distribution of baked goods. In June 2022, Savola Foods, a subsidiary of Saudi Arabia's Savola Group, acquired EGYBELG's total assets for approximately EGP 622 million (around $33.1 million). This acquisition aligns with Savola's strategy to expand its manufacturing and distribution footprint in Egypt. Post-acquisition, Savola plans to invest over EGP 1.7 billion in Egypt by the end of 2024, including EGP 730 million to rehabilitate EGYBELG and additional funds to upgrade factories and increase production capacity. EGYBELG is set to begin producing snacks, aiming for the snacks segment to constitute more than 10% of Savola's revenues by the end of 2024.