Cairo – Mubasher: Juhayna Food Industries penned a medium-term loan with Commercial International Bank-Egypt (CIB) amounting to $31.60 million and EGP 255 million, equivalent to a combined value of EGP 1.90 billion.

With a tenor of six years, the facility will be unitized to finance the purchase of a new citrus production line, according to a bourse filing.

This financing backs the company's commitment to expanding its concentrate business and boosting its operational capacity and productivity.

It also aligns with Juhayna’s objectives to increase its exports and attain foreign currency self-sufficiency in the near future amid ongoing efforts to drive sustainable economic development.

In 2024, the EGX-listed company logged 168% higher consolidated net profits at EGP 2.73 billion, compared to EGP 1.02 billion in 2023.