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         Wadi Holdings Company (SAE) and its subsidiaries (Wadi or the Company) is a leading vertically integrated agri-food group in Egypt with operations in poultry (broiler day old parents, broiler and layer day old chicks), poultry feed (including soy bean crushing), food (olives, olive oil, and other packaged foods), and food retail and logistics (including port operations). Established in Egypt in 1984 with a small-scale poultry operation, Wadi today operates 12 subsidiaries with ten brands over three distinct sectors: Dawagen (poultry), Sina'at (industries) and Mazareh (farms).  
       
       
           
       
       
         Fifty Four Holding is a Lebanese holding company that was established to be the raw materials trading arm for Wadi, and to eventually hold all of Wadis offshore operations. It has an identical ownership structure to that of Wadi. 
       
       
           
       
       
         IFCs investment is a corporate A loan in the amount of USD22 million to Wadi and Fifty Four Holding. The proposed Project consists of (i) the establishment of new poultry grandparent and parent breeder sites in Toushka in southern Egypt, to increase capacity in line with Wadis growing poultry market position in Egypt, and to improve bio-security measures for the flocks. Wadi will also relocate its existing farms to the new farms in Toushka; (ii) expanding Wadis growers hypermarket concept and relocating Wadis food processing plant from Sadat City to a new, larger plant in KM54 on the Cairo-Alexandria Desert Road; (iii) refinancing some of Wadis short term local-currency debt; and (iv) restructuring the corporate organization of Wadi and Fifty Four Holding, and clearing some of the inter-company debt. IFC's investment is expected to:
- Support a local producer to expand its exports which will contribute positively to generation of foreign currency in Egypt. Wadi currently exports fruits, vegetables, packaged foods and cell pads (industrial cooling solutions), and has recently starting exporting large animal feed, mainly to Jordan and GCC countries. Furthermore, Wadi produces soy bean meal and mono-calcium phosphate (MCP) locally, which would otherwise need to be imported (Wadi is the only producer of MCP in Egypt).  
- Increase farmer and SME reach. The Company purchases olives, vegetables, and other agricultural products from more than 70 local farms. Wadi also currently reaches more than 1,500 small farmers through sales of its day-old chicks and poultry feed. As it enters new product markets, Wadi will grow its reach to additional farmers and value chains, increasing its economic reach through distributors and suppliers.
- Create direct and indirect jobs, by making the Company's funding sources more sustainable. Wadi currently has more than 3,000 employees.