Eastern | Sustainability Performance
Manufactures and sells tobacco products.
1920
Egypt
10,001+ employees
Tobacco
$500M - 1B in revenue
$100M - 500M in profitability
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Sustainability Ranking & Industry Benchmark
#12387
Overallⓘ#11
in Egyptⓘ#17
in TobaccoⓘSustainability Maturity
ⓘSustainability Intent
ⓘOverview
Environmental
Nature and biodiversitySocial
Diversity and InclusionPay GapsExternalitiesGovernance
SDG Impact
Laggard
Critical
Controversy level
- Eastern Company SAE (Egyptian state-controlled tobacco monopoly, nationalized 1956 under Nasser, ~55-70% domestic cigarette market share via the Cleopatra brand) faced the secretive November 2023 privatization in which the Egyptian government — under IMF pressure to divest state assets amid an acute foreign-currency crisis — sold its controlling stake to Global Investment Holding (UAE-affiliated, linked to PMI business partner Abdullah Al Hussaini) for USD 530 million plus USD 95 million in instalments, leaving the Egyptian state a minority shareholder and drawing criticism that the price was paltry relative to Eastern's value.
