Cairo - Mubasher: Juhayna Food Industries announced that it sealed the contracts of EGP 480 million medium - term financial facilities.
This move came to b
Cairo - Mubasher: Juhayna Food Industries announced Wednesday that it sealed three contracts for EGP 480 million medium-term loans.
This move came to boost the company's financial leverage as it works on implementing more operational expansions, as well as enhance its financial structure and capital.
Juhayna signed a loan agreement worth EGP 250 million with the Commercial International Bank (CIB), in favor of its 99%-owned subsidiary Egyptian Company for Food Industries.
It also inked a credit facility contract with the Egyptian Gulf Bank (EGB), at a total value of EGP 150 million, in favor of Tiba for Trade and Distribution.
Meanwhile, Juhayna signed a financial lease agreement worth EGP 80 million with Arab African International Leasing (AAIL), in favor of Tiba for Trade and Distribution.
Juhayna, the leading manufacturer of dairy products, reported net profits of EGP 130.38 million in the first half of 2015, up from EGP 83 million for the same period of the previous year.
oost the company's financial leverage as it works on implementing more operational expansions, as well as, to enhance its financial structure and quality of capital.
Juhayna signed facility deal of EGP 250 million with the Commercial Bank of Egypt (CIB), in favor of its 99% owned - Egyptian Company for Food Industries.
The firm also inked a credit facility contract with the Egyptian Gulf Bank amounts to EGP 150 million, in favor of Tiba for Trade and Distribution.
Meanwhile, Juhayna signed a financial lease agreement worth EGP 80 million with Arab African International Leasing (AAIL), in favor of Tiba for Trade and Distribution.
Juhayna, the leading manufacturer of diary-based products, reported net profits of EGP 130.38 million in the first half of 2015, up from EGP 83 million for the same period of the previous year.
