Riyadh - Sharikat Mubasher: Egyptian Company for Cosmetics (ECC), a leading cosmetics developer and manufacturer, plans to open its first factory in Saudi Arabia, worth SAR 50 million (around $13.3 million), next August.
The factory, designed to manufacture cosmetics and personal care products, will be established in partnership with Lorax Capital, Mohammed Salah, CEO and Founder of EEC, stated in an interview with Asharq Business.
EEC is considering listing its shares on Tadawul within the next three years to enhance its growth and regional expansion.
Additionally, the company plans to invest over EGP 2 billion (nearly $40 million) in the Egyptian market over the next three years, as part of its investment strategy, which includes establishing a new packaging factory and another for dietary supplements.
Salah revealed that EEC is set to invest EGP 750 million in the local market in 2026, representing a 50% increase from EGP 500 million in 2025.
ECC provides world-class services, focusing on personal care, cosmetics, and cosmeceutical markets. It uses proven formulas with the finest active ingredients to deliver exceptional solutions for its clients.
