Juhayna is looking to fund 50% of its 2016 capex spending through debt, with EGP 250 mn being allocated to overhauling machinery and acquiring new filling lines, EGP 190 mostly to expand its dairy farms, and EGP 160 mn to expand its fleet and distribution centres, according to a Pharos report picked up by Al Borsa. The company also plans to gradually increase selling prices by 6-7% this year, noting that its sales lagged in 2014 when it hiked prices amid pressure on the cost of inputs. The news follows a similar report from Domty that it would implement a price hike phased in with a 6% jump in April and a 5% rise in May, according to Al Mal’s coverage of a Beltone research report.