Eaagads Limited

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Eaagads Limited is a Coffee company in Kenya. It has headquarters in Nairobi and firms in Kiambu county. Eaagads Limited was incorporated in 1946 [1] and is listed on the Nairobi Securities Exchange and trades under the symbol EGAD.[2]

Eaagads is engaged growing, blending, and selling of coffee products both locally and in the international market. It is controlled and managed by Kofinaf Company Limited, a company registered in the Republic of Kenya.[3] Kofinaf holds 61.74% of the share capital of Eaagads [4]

In 2010, the company sold some of its land to Tatu City, a property development project by Moscow-based Renaissance Partners. This led to a price rally of the companies shares of 63.5% driven by investor expectations of huge gains from Kenya's booming real estate sector.[5] This rally come to an end when the firm's management clarified that Eaagads was not part of the Tatu City Project and would continue to operate as a Coffee company.[6]

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References[edit]

  1. ^ Eaagads Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
  2. ^ NSE Listed Companies
  3. ^ "Eaagads Limited 2012/13 Annual Report" (PDF). Rich Management. Eaagads Limited. March 31, 2013. p. 37. Retrieved August 6, 2014. 
  4. ^ "Eaagads Limited 2012/13 Annual Report" (PDF). Rich Management. Eaagads Limited. March 31, 2013. p. 8. Retrieved August 6, 2014. 
  5. ^ "SBA Market Data | login". thesba-group.com. Retrieved 2017-08-23. 
  6. ^ "Tatu City clarification halts Eaagads share rally". Business Daily. Retrieved 2017-08-23.