ArabFinance: ODIN Investments (ODIN) announced it has recently raised its ownership in Tissolli Egypt’s capital to around 75%, which is set to amount to EGP 20 million, according to a statement filed to the Egyptian Exchange (EGX).

The company has begun pilot production at Tissolli’s factory in Egypt this month.

This came as a response to deny the misleading news published on one of the media platforms, entitled “ODIN Investments and global Tissolli invest EGP 100 million each to upgrade Tissoli’s factory in Egypt”.

It is worth noting that ODIN Investments established Tissolli Egypt for manufacturing cooking utensils, with ownership of 54% of its total capital worth EGP 11 million.

ODIN, formerly known as Egyptians Abroad for Investment and Development Company, aims to attract funds from Egyptians living abroad and invest them in the ongoing development of Egypt, with a focus on the real estate and financial services sectors.