Arab Finance: Obour Land for Food Industries (OLFI) denied reports regarding a potential acquisition by the UAE’s Agthia Group, according to a filing to the Egyptian Exchange (EGX) on July 24th.

The company confirmed that it had not received any offers for partial or full acquisition.

It is worth noting that Obour Land reported a 29.83% year-on-year (YoY) growth in consolidated net profit attributable to the parent company for the first quarter (Q1) of 2022.

Established in 1997 and listed in 2016, Obour Land for Food Industries is an Egypt-based manufacturing company, which is specialized in the production, processing, and packaging of white cheese.

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