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Mobica earmarks $20M for production expansion before end-2026

Updated 7/15/2026 1:54:00 PM
Mobica earmarks $20M for production expansion before end-2026

Arab Finance: Furniture manufacturer Mobica Group plans to invest $20 million to diversify its production operations before the end of the year, Chairman and CEO Mohamed Farouk said in an interview with Asharq Business.

Farouk said $10 million of the planned investment will be allocated to new production lines, including plastics and automotive upholstery materials.

He also added that the company's production doubled year on year during the first half of 2026.

Separately, Farouk pointed out that Mobica plans to launch a $10 million exchange-traded fund (ETF) through its Swiss subsidiary.

This fund will target investments in artificial intelligence (AI), semiconductors, humanoid robots, autonomous vehicles, spacecraft developers, and companies specializing in space data, he explained.

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