Al Khair River secures EGP 50.9M loan from NBE

Updated 5/7/2023 9:35:00 AM
Al Khair River secures EGP 50.9M loan from NBE

Arab Finance: The board of directors of Al Khair River for Development Agricultural Investment and Environmental Services (KRDI) has approved a five-year loan worth EGP 50.9 million at an 11% interest rate from the National Bank of Egypt (NBE), according to a statement filed to the Egyptian Exchange (EGX) on May 7th.

 The loan will be allocated for the renovation of the company’s agricultural machines.

Al Khair River is an EGX-listed company since December 2021 that operates in a number of major sectors, including land reclamation, provision of equipment and facilities to lands, and planting reclaimed lands using modern irrigation methods, in addition to livestock and poultry farming.

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