Unipack secures EGP 40M loan from Attijariwafa Bank

Updated 9/17/2023 9:34:00 AM
Unipack secures EGP 40M loan from Attijariwafa Bank

Arab Finance: Universal for Paper and Packaging Materials (Unipack) has obtained an EGP 40 million medium-term loan from Attijariwafa Bank, as per a filing on September 17th.

The loan will be used to back the company’s financial structure and finance expansions.

It is worth noting that the company recorded a 38.27% year-on-year drop in net profits in the first half (H1) of 2023, reaching EGP 12.753 million from EGP 20.658 million in H1 2022.

UNIP is primarily engaged in the production and sale of paper and packaging materials. The Company markets its products domestically and internationally.

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