Dina Farms Receives Further Credit Facilities Of EGP 92 million

Dina for Agricultural Investments SAE (Dina Farms) has received EGP 92 million credit facilities from banks that had earlier offered them loan worth EGP 198 million in 2009.

The Ahli United Bank (AUB), United Bank and Egyptian Arab Land Bank (EALB) had earlier contributed to the credit facilities with EGP 22 million, EGP 20 million and EGP 50 million respectively, sources close to the matter said.

The long-term loan and credit facilities are mature in 2019, sources noted, adding that the loan finances the new expansions in diary production.

Dina for Agricultural Investments SAE (Dina Farms) is the agricultural arm of Gozour, the integrated regional multi-category consumer foods platform established by leading MENA private equity firm Citadel Capital.