$100m EBRD loan will boost Egyptian and Jordanian dairy sectors

The European Bank for Reconstruction and Development is lending up to $100 million to food and beverages producer Almarai for new investments in Egypt and Jordan. The Saudi company operates in Egypt and Jordan through its respective subsidiaries Beyti and Teeba. 

In Egypt, the loan will allow Beyti to fund additional dairy and juice production capacity to address increasing demand for its products, and associated growing working capital needs. In Jordan, the proceeds will enable Teeba to strengthen its capital base and provide fresh funding to support Teeba’s permanent working capital needs.

The loan also aims to facilitate further foreign direct investments in the Egyptian and Jordanian agribusiness value chains.