ArabFinance: The board of directors of Arab Dairy Products Co. (Panda) (ADPC) approved to sign 6 contracts worth a combined EGP 344.37 million to sell and re-lease some machines, equipment, and buildings at the companys factory in Qalubiya governorate with Corplease Leasing Company, according to a statement filed to the Egyptian Exchange (EGX).
The total value of the sale contracts amounted to EGP 154.15 million, while the re-lease contracts were signed at a total value of EGP 190.21 million.
Arab Dairy is an Egypt-based company engaged in the dairy industry. The company exports its products to Middle Eastern countries, such as Lebanon, Jordan, Libya, the United Arab Emirates, Saudi Arabia, Palestine, Bahrain, Oman, and Kuwait.
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