• Sunday, 26 July 2020

    Galina to set up EGP 120 mn greenhouse JV with Germany’s Sun Pharma

    Agrifood player Galina-Agrofreeze is setting up a greenhouse production JV with Germany’s Sun Pharma called Sun Pharma Egypt, Chairman Abdel Wahed Soliman told Al Mal. The JV’s total investments amount to EGP 120 mn and Galina will own 25% while...
  • Sunday, 19 July 2020

    Galina Holding eyes Egypt IPO in early 2021

    IPO WATCH- Agrifoods player Galina eyes IPO in early 2021: Galina Holding is planning to make its EGX debut around the beginning of next year, by which time it expects markets will have stabilized from the fallout from the covid-19...
  • Thursday, 21 May 2020

    Galina-Agrofreeze to invest EGP 87 mn in its new factory

    Frozen fruit and vegetables producer Galina–Agrofreeze is investing EGP 87 mn to build a new factory, Chairman Abdel Wahed Soliman told Al Mal. The company secured a EGP 37 mn loan from Bank of Alexandria and the Saudi Investment Bank...
  • Tuesday, 4 February 2020

    Galina-Agrofreeze starts building its fourth factory in Egypt, to cost EGP 115 mn

    Galina-Agrofreeze has broken ground on its fourth factory in Egypt, which is expected to cost EGP 115 mn and produce 10k tonnes of frozen fruits and vegetables a year, Chairman Abdelwahed Soliman told the press. The company has also recently...
  • Monday, 7 October 2019

    Galina-Agrofreeze starts process of launching two subsidiaries on EGX

    IPO WATCH: Galina-Agrofreeze approaches Pharos, EFG to list two of its subsidiaries on the EGX: Galina-Agrofreeze Fruits & Vegetables has approached investment banks, including Pharos Holdings and EFG Hermes, to manage the planned listing of two of its subsidiaries on...
  • Thursday, 20 June 2019

    Galina-Agrofreeze proposes EGP 1.2 bn plan in setting up retail franchises

    Galina-Agrofreeze Fruits & Vegetables has submitted preliminary studies to the government to propose setting up discount retail outlets across the country, company Chairman Abdel Wahed Soliman said. The proposal would invite partners to own a franchised food store each under...

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