Saudi food company Almarai to boost Egypt, Jordan subsidiaries with $100 mln EBRD loan
Saudi food company Almarai has received a loan of up to $100 million from the European Bank for Reconstruction and Development (EBRD).
The London-based EBRD said in a statement on September 26 the proceeds from the loan will be channelled to Almarai dairy and juice subsidiaries Beyti in Egypt and Teeba in Jordan.
Beyti will receive the lion's share of the proceeds, up to $90 million, to fund its dairy and juice production capacity expansion and grow working capital needs.
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