REG - Edita Food Ind SAE - Edita Secures USD 45 Million Loan from IFC

Edita Food Industries SAEAnnouncement

02/10/2023 07:00

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RNS Number : 2603O  Edita Food Industries S.A.E.  01 October 2023

 

Edita Food Industries Secures USD 45 Million Loan from IFC to Fuel Expansion

Cairo, 1 October 2023

 Edita Food Industries S.A.E. (the "Company") signed a Finance Agreement with
 the International Finance Corporation ("IFC"). IFC will enable the Company by
 virtue of the Finance Agreement to obtain a long term loan of a total amount
 of amount of USD 45,000,000 (forty-five million United States Dollars) with a
 tenor of eight (8) years for the purpose of financing the Company's working
 capital and capital expenditure in the Arab Republic of Egypt and the Kingdom
 of Morocco, the Company's international expansion plan and the settlement of
 up to USD 10,000,000 (ten million United States Dollars) of the previously
 granted IFC loan

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Contacts

Ms. Menna Shams El Din

Head of Investor Relations & Corporate Affairs

T: +202 3851-6464 | M: +2010 0 154 2428 | menna.shamseldin@edita.com.eg
(mailto:menna.shamseldin@edita.com.eg)

 

 

 

 

 

 

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