Emirates NBD to provide over EGP 1 bn in financing to Juhayna

Juhayna secures EGP 1 bn in financing: Emirates NBD Egypt has signed a financing agreement worth more than EGP 1 bn with dairy giant Juhayna, according to a statement from the lender.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

Where the money is going: The funding will help Juhayna boost operational capacity and productivity across its factories, “paving the way for expansion, creating valuable jobs that add value to the local community, supporting the national economy, and driving sustainable economic development.”

What they said: “We strongly believe in the importance of supporting the Egyptian economy and strengthening our competitiveness in global markets through expanding our investments, optimizing supply chains, and promoting local industries,” Juhayna CEO Seif Thabet said. “Our partnership with Emirates NBD Egypt marks a pivotal milestone in achieving these strategic goals.”