ArabFinance: Ismailia National Food Industries (Foodico) (INFI) announced signing a settlement agreement with Islamic Faisal Bank on Feb. 06, 2020 to settle the maturity of EGP 4 million to be repaid in EGP 150,000-monthly installments.

The Central Bank of Egypt launched an initiative to settle within five years arrears of companies seeking to expand or increase their investments in the markets.

Under the initiative, those companies will be obliged to pump new investments in the markets and set up new production lines, according to a statement by the Trade and Industry Ministry.

 

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