Tuesday 25 Feb
Juhayna Food Industries has secured a financing agreement exceeding one billion Egyptian pounds with Emirates NBD - Egypt. The funds will support working capital, the company's expansion strategy, and enhance operational efficiency across its factories.
The financing will be allocated to working capital needs for Juhayna's subsidiaries, including Egyptian Dairy Company, International, EgyFood, and Al Marwa.
Notably, Juhayna Food Industries reported a net profit of
2.43 billion Egyptian pounds for the period of January to September 2024, a
significant increase from 878.93 million Egyptian pounds during the same period
in 2023 (accounting for minority rights).
The company's sales also saw substantial growth, reaching 18.33 billion Egyptian pounds in the first nine months of 2024, compared to 11.17 billion Egyptian pounds in the same period last year.
