ArabFinance: The board of directors of Ismailia National Food Industries (Foodico) (INFI) agreed to arrange for obtaining a loan worth EGP 12 million from one of the Egyptian banks, according to an agreement filed to the Egyptian Exchange (EGX).
The company aims at using the loan to finance its commercial operations over the coming period.
Foodico is an Egypt-based public shareholding company engaged in the food industry. The company exports its products to UAE, Europe, US, Canada, and Australia.