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Tuesday, 16 July 2019

Egypt’s Qalaa to invest EGP 400 mn in portfolio company Dina Farms

INVESTMENT WATCH- Qalaa to invest EGP 400 mn in portfolio company Dina Farms: Qalaa Holdings is planning to invest upwards of EGP 400 mn within three years in its dairy and fresh milk operation Dina Farms, Chairman Ahmed Heikal said at a press conference, according to Reuters’ Arabic service. Qalaa will add some 3k feddans to Dina’s farmlands, increase its headcount of cattle, and augment the milk production of its dairy farms. “The funds are already available,” Heikal said, adding that his company could borrow EGP 50-100 mn to finance the investment if need be.

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