Established as a result of the horizontal split of Pioneers Holding Company in 2021, Gadwa is an industrial development and investment company. It operates across multiple sectors including Fast-moving consumer goods (FMCG), Paper and Packaging, Wires and Cables, and Pharmaceuticals. Gadwa’s net profit surged by 311% in 2023 to hit $30 million. Its portfolio of companies includes Electro Cable Egypt, Arab Dairy (PANDA), and Universal Unipack, among others.