MAFI Agricultural Produce Industries is one step closer to launching its planned agri-food industrial complex in Sadat City after Beltone Investment Banking, the company’s sole financial advisor and lead financial coordinator, successfully raised USD 180 mn for the project in long-term financing from a group of local banks and equity investments from regional investors, according to a statement from syndicate leader Banque Misr.

The project secured USD 108 mn in long-term financing from a syndicate of local banks led by state-owned Banque Misr that included Suez Canal Bank and Al Baraka Bank. The remaining USD 72 mn to reach financial close was bridged by equity investments from regional investors.

The project is expected to begin operations in March 2026 — with ambitious export targets from the very start. Annual output of agri-food products is expected to reach USD 200 mn during its first phase, which will then be doubled when its second phase is up and running. The entirety of production will be earmarked for export, with target export markets including the US, Japan, Europe, and the GCC.

The government has been to try and support the project, with the industrial complex and its five planned factories being granted a golden license from the cabinet.

What they said: “This collaboration highlights our commitment to delivering innovative financial solutions and supporting our partners’ growth. Financing this transformative project reinforces Egypt’s position in the global agri-food market.” Beltone Holding’s deputy group CEO and Head of Investment Bank, Mohamed Aboulfadl, said.

Advisors: Beltone Investment Banking was the sole financial advisor and lead financial coordinator for MAFI. Matouk Bassiouny & Hennawy was MAFI’s legal advisor, while Sarie Eldin & Partners provided counsel for the lenders.

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