As stated by the IFC, the proposed investment is a senior unsecured A-Loan of up to US$75 million under the Fast-Track COVID-19 Facility to Almarai (https://www.almarai.com/en) for working capital needs to its existing operations in Egypt. Almarai’s operations in Egypt are managed by Beyti (https://beytiegypt.com/en/page/about-us), a subsidiary of International Dairy & Juice. Beyti is one of the largest producers of milk, juice, and yogurt products in Egypt.
The use of proceeds of the IFC investment under the COVID-19 Facility will not support any physical expansion of Beyti’s existing operations. The current operational footprint of Beyti includes one fully automated state-of-art production facility consisting of two plants located in Cairo-Alexandria Desert Road, Nubaria, Beheira Governorate. The facility produces a variety of dairy, juice, and dairy-based products to the highest standards of hygiene and food safety for domestic consumption and export.
As stated by the IFC, headquartered in the Kingdom of Saudi Arabia, Almarai is the world’s largest vertically integrated dairy company and the region’s largest food and beverage manufacturing and distribution company. The Company operates in KSA, Egypt, Jordan, and other Gulf Cooperation Council (GCC) countries. It operates mainly in the dairy, juice, bakery, poultry segments, and is a market leader in most of its categories across the GCC.
Almarai is listed on the Saudi stock exchange and the Company’s largest three shareholders are SAVOLA Group (35%), HH Prince Sultan bin Mohammed bin Saud Al Kabeer and related entities (24%), and the Saudi Agricultural and Livestock Investment Company (SALIC, 16%), with other/free float shareholders representing the remaining 25%. Beyti, is Almarai’s fully owned subsidiary in Egypt which produces a wide range of dairy products and juices for the Egyptian market.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|Almarai Company||Parent Company||Agriculture and Forestry||owns||International Company for Agricultural Industrial Projects (Beyti) SAE||Client||Agriculture and Forestry|
|Saudi Agricultural and Livestock Investment Company (SALIC)||Investor||Agriculture and Forestry||invests in||Almarai Company||Parent Company||Agriculture and Forestry|
|Savola Group||Investor||Agriculture and Forestry||invests in||Almarai Company||Parent Company||Agriculture and Forestry|
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