Cairo - Mubasher: The extraordinary general meeting (EGM) of Arabian Food Industries Company (Domty) has approved the company’s demerger under the horizontal split method at book value, based on its 2024 financial statements, according to a bourse filing.
Following the division of the company, Domty will remain the demerging entity and continue operating with an issued and paid-up capital of EGP 113.04 million, distributed over 282.60 million shares at a nominal value of EGP 0.40 per share.
Moreover, the authorized capital will remain worth EGP 282.60 million without amendment.
Domty’s purpose will be amended to cover all dairy products, feed and food production, land reclamation, and cattle farming, besides other objectives.
Meanwhile, the demerger of Domty will result in the establishment of a new company named Dairy Products Euro Arabian Food Industries.
The incorporated entity's authorized capital will be EGP 2 billion. The issued and paid-in capital of Dairy Products Euro Arabian Food Industries will stand at EGP 438.04 million, divided into 282.60 million shares at a nominal value of EGP 1.55 per share.
The demerged company’s purpose will include establishing and operating factories for all types of dairy and food products, including specialized foods and supplements.
It will also reclaim and cultivate barren or desert land, run commercial centers and supply chains, and carry out import and export activities.
The new unit will be owned by the same shareholders of Domty with the same ownership structure and shareholding ratios, with no change to shareholders’ equity.
During the first nine months (9M) of 2025, Domty posted a year-on-year (YoY) lower consolidated net profits after tax at EGP 115.47 million, compared to EGP 407.57 million.
