The Arabian Food Industries Company (Domty) signed an agreement last week with US bakery equipment manufacturer AMF Bakery Systems to purchase and install a third EGP 50 mn bakery line, the cheesemaker said in a bourse disclosure (pdf). The new line, which is expected to come online in February 2020, will add a daily capacity of 270k units of Domty’s “sandwiches.” The company is planning to finance the expansion through a medium tenor USD-denominated loan covering the USD c.80% portion of the cost and in-house funds covering the EGP c.20% remaining portion, Domty said in a separate release (pdf).

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