Juhayna Food Industries, located in Egypt, secured a medium-term loan from Commercial International Bank (CIB), valued at $31.6 million and EGP 255 million, amounting to roughly EGP 1.9 billion. Arabfinance.com states the financing will be allocated for a new citrus production line, part of Juhayna's strategy to enhance its concentrate business.
The funding has a six-year tenor and aligns with Juhayna's objective to bolster operational capacity and productivity. It also aims to boost export levels and achieve foreign currency self-sufficiency, as per company disclosures.
Source: ZAWYA