About the group

Ofuq began in Cairo in 2004 with one office and two lines: food and industrial products. The goods have nothing in common, but the work plainly does. Both are bought against a specification, shipped in full cargoes, financed by letter of credit, and delivered to a mill or a plant that cannot afford to stop its line.

Why we became a group

Trading is volatile by nature. A strong season is followed by a thin one, and working capital is needed in both. We added agriculture to own the first link in the chain rather than chase it through the market; we added property to give the balance sheet a steady end; and we added contracting because the party that knows the material knows how it is used.

How the holding works

Ofuq does not run its companies for them. Each one runs its own business and answers for its own results, with its own board and its own decisions. What the holding provides is what no single company can provide for itself: a balance sheet that absorbs a thin season, one standard of quality that applies to all of them, and banking relationships that open a credit when the book needs one.

What has not changed

The words on the logo from the beginning: food and industrial products. That is still the largest thing we do, and the standard is still the same one — goods to specification, and a shipment that arrives when it was promised.