BiscoMisr’s investor base has witnessed dynamic changes since 1999 which has reflected on the company’s products, performance and public image.

In 1999, the government floated 60% of the company on the Cairo and Alexandria Stock Exchange under the privatization program and retained a 40% stake held by the Holding Company for Food Industries, thereby changing the company’s status from a public sector company to a public business enterprise, but no change was made to the management of the company at that time.

In September 2004, as the privatization process was revived, the Holding Company for Food Industries announced that it would sell its 40% stake in BiscoMisr at the same time the company increased its par value from LE 4 to LE 8.

In January 2005, a consortium led by Concord International Investments’ Egyptian Direct Investment Fund, the American University in Cairo’s Endowment Fund (Karnak), the Commercial International Bank and other private-sector investors, acquired 61% of BiscoMisr, taking effective control of the company in May 2005.

Since the change in control, BiscoMisr has invested until 2006 year end approximately 14 m Egyptian pounds with the purpose of restructuring the company, bringing in new production lines, renovating and improving facilities, expanding the distribution fleet as well as repositioning and re-branding of its products. BiscoMisr is also in the process of automating its operations as part of its restructuring plans.

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