{"id":569338,"date":"2020-02-20T04:17:52","date_gmt":"2020-02-20T04:17:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/almarai-receives-usd-100-mn-ebrd-loan-for-egypt-jordan-investment\/"},"modified":"2020-02-20T04:17:52","modified_gmt":"2020-02-20T04:17:52","slug":"almarai-receives-usd-100-mn-ebrd-loan-for-egypt-jordan-investment","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/almarai-receives-usd-100-mn-ebrd-loan-for-egypt-jordan-investment\/","title":{"rendered":"Almarai receives USD 100 mn EBRD loan for Egypt, Jordan investment"},"content":{"rendered":"

The European Bank for Reconstruction and Development (EBRD) has loaned Saudi dairy firm Almarai USD 100 mn for new investments in Egypt and Jordan, the development bank announced in a statement<\/a>. An undisclosed sum will go to the company\u2019s Egyptian subsidiary Beyti to help it increase production capacity of its dairy and juice products. The announcement came a day after Beyti CEO Mohamed Badran revealed plans<\/a> to increase exports by 10% during 2020. Beyti signed a EUR 44 mn loan agreement<\/a> with the EBRD in 2018 to finance expansion and capital expenditures.<\/p>\n","protected":false},"excerpt":{"rendered":"

The European Bank for Reconstruction and Development (EBRD) has loaned Saudi dairy firm Almarai USD 100 mn for new investments in Egypt and Jordan, the development bank announced in a statement. An undisclosed sum will go to the company\u2019s Egyptian subsidiary Beyti to help it increase production capacity of its dairy and juice products. The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9309],"tags":[2416,828,7106,101,72,7087,900,125,1033],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-569338","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-dairy","tag-debt","tag-development-finance","tag-enterpriseam","tag-finance","tag-food-and-beverage","tag-investment-watch","tag-jordan","wpautop","entry"],"acf":{"mongo_id":"aedce934-9d3c-4c70-8691-f1bbdd0fff96","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[569310],"teaser":"","voice_url":""},"yoast_head":"\nAlmarai receives USD 100 mn EBRD loan for Egypt, Jordan investment - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/almarai-receives-usd-100-mn-ebrd-loan-for-egypt-jordan-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Almarai receives USD 100 mn EBRD loan for Egypt, Jordan investment\" \/>\n<meta property=\"og:description\" content=\"The European Bank for Reconstruction and Development (EBRD) has loaned Saudi dairy firm Almarai USD 100 mn for new investments in Egypt and Jordan, the development bank announced in a statement. 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Beyti will use the loan to refinance some of its existing short-term loans used for capital expenditures and finance planned expansions to Beyti\u2019s dairy and juice production\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":653593,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/20\/almarai-expands-egypt-footprint-with-two-new-egp-1-bn-production-lines-for-subsidiary-beyti\/","url_meta":{"origin":569338,"position":2},"title":"Almarai expands Egypt footprint with two new EGP 1 bn production lines for subsidiary Beyti","author":"enterpriseam admin","date":"20 October 2024","format":false,"excerpt":"The subsidiary is planning to up its exports proceeds to USD 50 mn in 2024, up from USD 35 mn previously","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1564.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621921,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/21\/ebrd-signs-usd-7-mn-loan-agreement-with-obour-land-to-finance-expansions\/","url_meta":{"origin":569338,"position":3},"title":"EBRD signs USD 7 mn loan agreement with Obour Land to finance expansions","author":"enterpriseam admin","date":"21 November 2018","format":false,"excerpt":"The European Bank for Reconstruction and Development (EBRD) has signed a USD 7 mn loan agreement with Egyptian cheesemaker Obour Land, according to an EBRD statement. Obour Land will us the loan to finance its expansion plans, including establishing a \u201cgreenfield dairy farm, with imported milking equipment and 2,500 dairy\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":581762,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/23\/almarai-now-owns-100-of-beyti\/","url_meta":{"origin":569338,"position":4},"title":"Almarai now owns 100% of Beyti","author":"enterpriseam admin","date":"23 February 2023","format":false,"excerpt":"Saudi\u2019s Almarai buys PepsiCo out of Beyti: Saudi dairy producer Almarai has bought PepsiCo\u2019s entire 48% stake in the parent company of juice and dairy producer Beyti for SAR 255 mn (c. 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