Cairo – Mubasher: Arabian Food Industries (Domty) successfully tapped into the Russian market in the second half of 2015.
The company expects to export products worth $4 million initially, the company said, adding that it is currently negotiating other Russian companies for expanding its business internationally.
Earlier, Domty offered a total of 110.25 million shares in a private placement to institutions and 12.25 million shares in an initial public offering. The private offering was covered 5.5 times, while the IPO was oversubscribed
