Egyptian dairy business Beyti is to get a US$44m loan from the European development bank EBRD to fund new investments and refinance debt.

Beyti, known as the International Company for Agricultural Industries Projects, is one of the largest producers of milk, juice and yoghurt in Egypt and runs a production site in Cairo employing over 3,000 people.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The company will use the funds to expand production and logistics to meet rising consumer demand in Egypt for dairy products and juices, the European Bank for Reconstruction and Development (EBRD) said in a statement.

The loan, which could be in US dollars or local currency, is made up of a “committed” portion amounting to EGP150m (US$8.4m), and an uncommitted tranche for as mush as $35.5m, or the equivalent in Egyptian pounds.

Some of the funds will be used to refinance short-term loans in favour of longer-dated instruments.

See Also:

Beyti is 52%-owned by Saudi Arabia-based consumer foods producer Almarai, while US food and drinks giant PepsiCo owns another 42%.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Mohamed Badran, chief executive of Beyti, said: “We are very happy with our agreement with the EBRD that will create new opportunities for our business. Partnering with a financial institution that puts such focus on promoting environmentally and socially sound and sustainable development is of added value to any business.” 

EBRD’s investment will also help Beyti increase production of raw milk and fruit concentrate at local dairy farms and juice concentrate manufacturers. The funds will also provide a means to enhance its distribution capabilities.

Tarek El Sherbini, EBRD’s head of agribusiness for the southern and eastern Mediterranean region, said: “We are extremely pleased with the signing of our first project with Beyti and with two major international shareholders, Almarai Company and Pepsico. We look forward to increasing strategic cooperation in Egypt and other common countries of operations.”