Emirates NBD Egypt Grants EGP 1 Billion in Credit Facilities to Juhayna Food Industries to Support Local Industry and Economic Growth

Cairo, Egypt 23rd February 2025: Emirates NBD Egypt has announced the signing of a financing agreement worth more than EGP 1 billion with Juhayna Food Industries Group. This collaboration aligns with the bank’s expansion strategy in the Egyptian market and its commitment to supporting local businesses, contributing to the advancement of the national economy, strengthening local industry, and increasing national output, in line with the Sustainable Development Goals and Egypt’s Vision 2030.
As part of this strategic cooperation, Emirates NBD Egypt signed a financing agreement with four subsidiaries of Juhayna Food Industries Group. The signing ceremony was attended by representatives from the bank, including Tamer Ragheb, Head of Corporate and Institutional Banking, and Moaaz Hashem, Head of Large Corporate Banking. Also present were the team overseeing the completion of the financing deal, including Yasmine Nassar, Team Head of Large Corporates Division; and Amina Taha, Large Corporates Relationship Manager. On behalf of Juhayna Food Industries Group, Seif El Din Safwan Thabet, Deputy Chairman and Chief Executive Officer of Juhayna Food Industries; Mohamed Sultan, Managing Director; and Tarek Elwan, Chief Financial Officer, attended alongside several senior executives from the group.
The financing agreement includes a loan worth more than EGP 1 billion directed to Juhayna Food Industries’ factories. The funds are allocated across several facilities, including those producing dairy products, juices and beverages, yogurt, and fruit juice concentrates. This loan aims to boost the operational capacity and productivity of these factories, paving the way for expansion, creating valuable job opportunities that add value to the local community, supporting the national economy, and driving sustainable economic development.
Commenting on the agreement, Tamer Ragheb, Head of Corporate and Institutional Banking at Emirates NBD Egypt, stated: “We are committed to supporting local industries and fostering economic growth through similar strategic partnerships. Our role extends beyond merely providing essential financing; we strive to empower local companies to innovate, deliver high-quality products, create meaningful job opportunities, and boost exports. Through these investments, we aim to contribute to driving comprehensive economic development and achieving Egypt’s vision of establishing itself as a regional hub for industry and trade.”
For his part, Moaz Hashem, Head of Large Corporate Banking at Emirates NBD Egypt, said: “We firmly believe that strategic partnerships with the private sector serve as a cornerstone for sustainable development. Our collaboration with Juhayna Group exemplifies this belief, as we join forces to develop innovative financing solutions that support sustainable agricultural practices, environmental preservation, and drive economic growth. This is particularly crucial for high-potential industries poised to compete on a global scale. We remain committed to achieving our shared vision of bolstering the Egyptian economy.”
Seif El Din Safwan Thabet, Deputy Chairman and Chief Executive Officer of Juhayna Food Industries, commented: “At Juhayna, we strongly believe in the importance of supporting the Egyptian economy and strengthening our competitiveness in global markets through expanding our investments, optimizing supply chains, and promoting local industries. Our partnership with Emirates NBD Egypt marks a pivotal milestone in achieving these strategic goals. We remain steadfast in our commitment to sustainable development, ensuring added value for all stakeholders while consistently meeting the needs of Egyptian consumers with the highest standards of quality and efficiency.”
The partnership between Emirates NBD Egypt and Juhayna Food Industries Group represents a pivotal step towards bolstering Egypt’s economy and empowering the private sector. It underscores the bank’s unwavering commitment to delivering customized financing solutions that cater to the unique needs of diverse industrial sectors. As a market leader in the food and beverage industry, Juhayna excels in the production, processing, and packaging of dairy products, juices, and culinary essentials. This strategic alliance is poised to improve supply chains and contribute significantly to enhancing food security across Egypt.
-END-