Mr. Maged Ayad (Chairman of Oscar Grand Stores Group and MAFG Industries Group) announced the signing of a joint venture agreement with Dr. Michael Ibrahim (Chairman of Signature Investment Group), where the two parties agreed to establish a factory to produce pastries, in addition to establish another factory to produce fried products using air fryer technology to make delicious, semi-fried and quick-to-prepare foods while maintaining the principle of healthy food such as producing (chicken nuggets)
The factories will be established in the industrial area in New Cairo, which is characterized by its proximity to all stores and supply chains, in addition to the availability of the necessary infrastructure for the success of the project.
This step is a great addition for both parties and can be considered a turning point in the history of the relationship between the two companies. It is worth noting that Oscar Group was founded in 1982 by Mr. Ayad, the father of Mr. Maged Ayad, the current Chairman of the Board of Directors. The company started with one supermarket branch in Heliopolis, and as a result of professionalism, transparency, and commitment, Oscar has become a distinctive brand and a source of trust for all Egyptians. Now, Oscar branches are spread all over Cairo and outside Cairo (more than eight branches and more are opening). In 2018, Oscar began moving towards the food industry, so an Egyptian joint stock company was established under the name of MAFG to own an industrial plot of land in New Cairo, on an area of approximately six thousand square meters. With thoughtful and steady steps, the company built a food edifice with standard specifications. This place was chosen to host the new projects planned to be established between Signature and Oscar.
On the Other hand, Signature Investment was founded in 2014 by Dr. Michael Ibrahim as a joint stock company based in Egypt and started as a trading company committed to the provision of affordable high-quality goods. After a few years of successful operation, Signature expanded its business to involve production in a variety of industries. Examples of these include, but are not limited to, cement, aluminum, wood, plants, etc. With this scale of development, it was necessary to create an enriching environment conducive to optimal success; consequently, Signature became a holding company and was named Signature Group. This organizational advancement allowed for better planning, channeling of efforts, quality control, etc. Moreover, the formation of the holding company also created the opportunity to go beyond local borders to achieve an international presence.
The first milestone in the success of Signature Group is the founding of El Refea Construction Company, in 2016.
The Company specializes in the construction and contracting businesses.
The favorable outcomes of El Refea Company mark the beginning of a series of achievements.
The highlight of 2018 was the establishment of the GoldCrete Factory, in Belbais City, located opposite the New Capital of Egypt. The factory specializes in the production of a variety of high-grade construction-related products such as solid brick, interlocks, and pavers. In 2019, Signature Group took a new turn, the company’s strategic management team directed its interest towards creating an international presence. The outcome of this objective is the establishment of a branch of the company, in its name, in Antwerp, Belgium. Today, the branch serves the needs of the European countries.
With Signature Group’s proven track record of success, the company decided to further diversify its businesses while penetrating new markets. As a result, in 2020, Signature founded Signature General Trading LLC in the Emirates to meet the needs of the GCC countries. Moreover, Signature General Trading LLC business includes plants, fruits, vegetables as well as frozen food.
2021 witnessed another major achievement in the growth of the company; Signature Group built the Dali Factory, making this the fourth factory owned by the holding company. Following European standards, the factory manufactures furniture and other products made of wood.
In 2022 despite the unexpected world circumstances because of COVID-19 and the lockdown, Signature has ventured into the agriculture market by reclaiming and developing a farm of 5,000 acres (21,000,000 m2) in Menya City (upper Egypt).
And now in 2025, Signature and Oscar are moving to add a milestone to their success story.
