Oriental Weavers aims to expand its export operations during the current year, with plans to increase its business base in key markets such as France, Brazil, and Germany in the current quarter. The company is currently expanding both through export and establishing a presence in foreign countries, with the company’s international markets reaching approximately 130 countries. Meanwhile, the company’s sales in the European market jumped by 88% during the third quarter, driven by the introduction of new products to the market, increasing the company’s sales volume. On the other hand, sales in the African region witnessed significant growth of 153% on an annual basis during the current quarter, driven by strong demand in Libya, Kenya, and Tanzania. The company’s total revenues during the same period recorded EGP 12.8bn, compared to EGP 9.5bn during the comparative period, representing an increase of 36%.
