Edita Foods Industries, an Egyptian Food & Beverage Company, secured 5.7 mn in debt financing from the National Bank of Kuwait (NBK). The loan will be used to finance new product development and the production of quality products.
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Menna Shams El Din, Director of Investor Relations at Edita Food Industries, said that the loan will be used to finance the development of new production lines. It will also go towards financing the necessary maintenance to ensure the efficiency and production of quality products.
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The company expects to reap the fruits of the investments in 2022 by gaining a larger market share specifically in the bakery and wafer segments.
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What You should Know About Edita
Established in 1996, Edita Foods produces and distributes a variety of branded and packaged snack products including cakes, croissants, rusks (baked wheat), wafers, and other confectionery products.
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