Arab Finance: Juhayna Food Industries has signed a medium-term loan agreement with Commercial International Bank (CIB) worth $31.6 million and EGP 255 million, with a combined value equivalent to approximately EGP 1.9 billion, as per a disclosure.
The loan will finance the purchase of a new citrus production line, in line with Juhayna’s plans to expand its concentrate business.
The facility carries a tenor of six years.
The company said the investment supports its strategy to enhance operational capacity and productivity, increase exports, and move toward foreign currency self-sufficiency.