Daily News Egypt

Edita subsidiary obtains MAD 80m from Arab Bank - Morocco - Daily News Egypt

Advertising Area



Advertising Area

Edita subsidiary obtains MAD 80m from Arab Bank – Morocco

Company’s Morocco factory will start operations by beginning of 2021, says Shams Eldin


Edita Food Industries (Edita) has announced that its Moroccan subsidiary obtained a seven-year MAD 80m loan (EGP 133.2m) from Arab Bank – Morocco.

The loan will be used to finance the construction of an Edita factory in Morocco, and to purchase the machinery and equipment needed for its production lines.

Menatallah Shams ElDin, Investor Relations Officer at Edita, revealed that construction of the new factory will be completed by the end of 2020, to start operations by the beginning of 2021.

She added that construction work will follow the highest standards in both local and international health, in addition to following safety and environmental regulations.

Advertising Area

https://wwww.dailynewssegypt.com/2020/06/30/edita-subsidiary-obtains-mad-80m-from-arab-bank-morocco/
Breaking News

No current breaking news

Receive our daily newsletter
Subscribe