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.
Tags
Related editorial

Tarfin: How Smart Tech is Helping Turkish Farmers Get the Funding They Need
Tarfin is a cool Turkish platform that's making a big difference for farmers. It brings together agricultural tech and digital finance to help them get the supplies they need. They even use AI to make financing easier and more affordable!

From Field Schools to AI: FAO's Project Transforms Rural Life in Minya, Egypt
The FAO's rural development project in Minya, Egypt, has truly outdone itself! It successfully boosted agricultural productivity by an impressive 31%, empowered 550 local projects, and even launched exciting AI-driven initiatives, showing a fantastic new way to support rural communities.

Rinato Space and Koaloo.Fi Crowned WTO Small Business AI Champions
Artificial intelligence is rapidly changing how global trade works, helping small businesses manage their supply chains better, cut down on costs, and overcome many common trade hurdles. This year, the World Trade Organization (WTO) celebrated this trend by honoring Rinato Space and Koaloo.Fi as its Small Business AI Champions for their innovative use of AI.

Flat6Labs Welcomes 27 Green Startups to its Accelerator Program in Egypt
Egypt's startup scene is really stepping up its game in green technology! Accelerators and incubators are actively investing in companies that are creating smart solutions for our environmental challenges. Flat6Labs is a big part of this movement, and they've just announced that 27 new green companies are joining their latest accelerator program.

