The company's reputation as one of the most famous commercial chains in the world after it was bought by a wealthy Jewish Egyptian in 1921 and called it "Omar Effendi", until President Gamal Abdel Nasser nationalized it in 1957, and in 1967 witnessed the transformation of the Omar Company Effendi to an Egyptian joint stock company affiliated with the Holding Company for Trade, which no longer exists and its companies were divided into the National Company for Construction and Development and the Holding Company for Trade.Īnd it has the right to participate in the formation of Egyptian or foreign companies that carry out their activities inside or outside, as well as to carry out any activity related to the company’s purposes, and the company continued to work until the Egyptian government began during the era of Hosni Mubarak He blessed the partial privatization of its branches, as part of a broad program to privatize public business sector companies that included more than 140 companies. The company’s founding dates back to the year 1856 during the reign of Sa'id of Egypt, at the hands of the “Adolphe Orozdy” family in 1905, which it consists of six floors.
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