Edita Secures USD 45 Million Loan from IFC

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: [phone] | M: [phone] | [e-mail]

 

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