Arab Finance: Edita Food Industries is expected to receive a $25 million A-loan from the International Finance Corporation (IFC) to fund its Iraq expansion and back working capital needs for operations in Egypt, according to a statement.
The company will utilize the facility to support the expansion of production lines, equipment, property, and working capital, aiming to more than double capacity and fully commission new lines by 2028.
The loan is structured under IFC’s Expedited Processing for Existing Clients to Eita and its subsidiaries Ahramat Al Nile for General Trade and Food Industries (formerly TJA), Edita Participation Cyprus, and Edita Trade and Distribution.
In May, Edita signed a seven-year term loan valued at EGP 500 million as part of its efforts to strengthen its production capacity.
At the end of March 2026, the listed group registered 101.67% year-on-year (YoY) higher consolidated net profits attributable to the parent company at EGP 873.819 million, versus EGP 433.286 million.
