Cairo – Edita Food Industries announced that its subsidiary Edita Food Industries-Morocco received a loan worth MAD 80 million (about $8.26 million) from Arab Bank – Morocco.
The seven-year loan will be used to finance the establishment of a factory and the purchase of machinery and equipment, according to a statement to the Egyptian Exchange (EGX) on Monday.
It is worth mentioning that in the first quarter of 2020, the company reported net profits of EGP 83.06 million, down from EGP 124.92 million in the year-ago period.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
