Edita Food Industries Company (S.A.E) (CASE:EFID) signed a partnership agreement to acquire 49% stake in Tuama Jebur Abbas for $8 million on January 16, 2025. As part of the partnership agreement, Edita Iraq will be formed via a UAE-based holding company, providing Edita with management control. The acquisition encompasses a factory outfitted with three production lines, comprising two for cakes and one for biscuits.