Breadfast has released a clarifying statement in response to recent discussions surrounding its latest investment round and questions raised about the presence of investors from the occupying state within its shareholder structure.
The company affirmed that it is "100% an Egyptian company," noting that over nine years, with the support of its customers and partners, it has successfully attracted the interest of several major international investment institutions that manage hundreds of billions of dollars in assets across dozens of countries, as part of an interconnected global economic network.
In its statement, Breadfast stressed that "there are no, and will never be, any investors from the occupying state within the company's ownership structure." It also confirmed the absence of any commercial, operational, or indirect relationship of any kind with entities affiliated with it, describing this as a "clear and explicit decision adopted by the company's management."
Breadfast explained that attracting global investment institutions of this size to inject investments into an Egyptian entity represents a significant shift, especially given global investment trends that have long focused on specific markets, while the Egyptian market received a limited share of those flows.
It added that every investment injected into an Egyptian company reflects confidence in the local economy and enhances Egypt's position on the international investment map.
Breadfast also affirmed that the Palestinian cause is an integral part of its identity and convictions, not a seasonal stance or a public relations campaign, expressing its displeasure at linking the company's name to anything that contradicts its declared positions.
The company emphasized that, from its perspective, building a strong Egyptian company capable of competing globally is a form of supporting just causes and enhancing the national economic presence in international markets.
AgriTech & FoodTech startups & entrepreneurshipEgypt
Breadfast Clarifies Ownership: No Israeli Investors in Company Structure
Breadfast has issued a clear statement confirming that there are no, and will never be, any investors from the occupying state within its ownership structure. The Egyptian company also emphasized that it has no direct or indirect business or operational ties with any affiliated entities, reinforcing its commitment to its national identity and values.
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