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Tuesday, 22 September 2020

Edita Food Industries to receive EGP 105 mn loan from Arab Bank

Edita Food Industries signed a medium-term loan worth EGP 105 mn with Arab Bank to finance a new production line, according to an EGX filing (pdf). The loan will carry a seven-year tenor and will be issued at the 8% discount interest rate afforded to factories under the Central Bank of Egypt’s initiative to support manufacturers through the pandemic.

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