Cairo – Mubasher: Obour Land for Food Industries on Monday announced it has signed a $7 million financing with the European Bank for Reconstruction and Development (EBRD).
The company will use the loan to finance its farm, according to a filing to the Egyptian Exchange (EGX).
The EGX-listed firm is setting a three-year strategic plan with EGP 200 million in investments.
Obour Land previously revealed the establishment of a 45-acre livestock farm with an initial investment valued at up to EGP 90 million.
