🇪🇬 Emerald Investments to Manage Hela Clothing Egypt Amid Capital Constraints

• Hela Apparel Holdings PLC has signed a Management Service Agreement with Emerald Investments Ltd. to oversee its Egyptian manufacturing facility, effective from June 7, 2026, until December 31, 2026. • The move comes as Hela Clothing Egypt S.A.E. faces severe working capital challenges, prompting an operational stabilization program to protect revenue generation and ensure order continuity for global brands. • Under the agreement, Emerald Investments will manage manufacturing operations and personnel. Backed by its expertise in the apparel & textiles sector, Emerald also holds an option to fully acquire the Egyptian subsidiary, subject to terms with Hela and its creditors. • Hela Investment Holdings currently holds a 99% stake in the Egypt-based export facility.