{"id":145781,"date":"2019-09-26T00:15:21","date_gmt":"2019-09-25T22:15:21","guid":{"rendered":"http:\/\/almowatna.news\/?p=145781"},"modified":"2019-09-26T00:15:21","modified_gmt":"2019-09-25T22:15:21","slug":"domty-signs-le-100m-medium-term-loan-contract-cib","status":"publish","type":"post","link":"http:\/\/almowatna.news\/?p=145781","title":{"rendered":"Domty signs LE 100M-medium term loan contract with CIB"},"content":{"rendered":"<p>Arabian Food Industries (Domty) announced Wednesday inking a medium-term loan contract with the Commercial International Bank (CIB) to obtain a loan of up to LE 100 million with the average interest rate announced by the Central Bank.<\/p>\n<p>Domty stated in a filing to the Egyptian Exchange (EGX) that the loan proceeds will be used to finance the company\u2019s future expansion and capital expenditures for the company\u2019s new product.<\/p>\n<p>\u201cSuch financing shall be available for withdrawal within 12 months from the date of the first withdrawal or the withdrawal of the total loan, whichever comes first,\u201d the company noted.<\/p>\n<p>According to the filing, the loan shall be repaid in 20 quarterly installments, starting after a grace period of six months from the date the withdrawal period ends, with the last installment due after 75 months from the date of the first withdrawal.<\/p>\n<p>Domty accomplished profits of LE 66.3 million during the first six months of 2019, compared to LE 98.13 million, including minority rights, during the same months of 2018.<\/p>\n<p>Arabian Food Industries Co. operates within the food, beverage &#038; tobacco sector focusing on packaged foods &#038; meats.<\/p>\n<p>Egypt Today <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arabian Food Industries (Domty) announced Wednesday inking a medium-term loan contract with the Commercial International Bank (CIB) to obtain a loan of up to LE 100 million with the average interest rate announced by the Central Bank. Domty stated in a filing to the Egyptian Exchange (EGX) that the loan proceeds will be used to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":145782,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7863],"tags":[46547,48063,42272,2484],"class_list":["post-145781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-section","tag-cib","tag-domty","tag-egx","tag-egypt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Domty signs LE 100M-medium term loan contract with CIB | \u0627\u0644\u0645\u0648\u0627\u0637\u0646\u0629 \u0646\u064a\u0648\u0632<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/almowatna.news\/?p=145781\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Domty signs LE 100M-medium term loan contract with CIB | \u0627\u0644\u0645\u0648\u0627\u0637\u0646\u0629 \u0646\u064a\u0648\u0632\" \/>\n<meta property=\"og:description\" content=\"Arabian Food Industries (Domty) announced Wednesday inking a medium-term loan contract with the Commercial International Bank (CIB) to obtain a loan of up to LE 100 million with the average interest rate announced by the Central Bank. 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