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Sunday, 4 August 2019

Raya Foods secures EUR 5 mn loan from EBRD

Raya Foods received a EUR 5 mn loan from the European Bank for Reconstruction and Development (EBRD) to expand its storage facilities and purchase new equipment, the lender said in a statement. Raya Holding’s frozen fruits and vegetables production unit will use the funds to build a new storage house that will help it increase its capacity during the harvest and the off-peak seasons, which would help increase exports.

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