ENPI GROUP is pleased to announce that it has signed a Shariah-compliant bank facility agreement of AED 475 million with Commercial Bank of Dubai.
The financing consists of a long-term loan of AED 375 million, to be repaid over 8 years, and a short-term financing of AED 100 million
AED 275 million of the long term facility will be used in early settlement of outstanding facilities with other banks and AED 100 million in financing of capital projects. The AED 100 million short-term financing will be used to fund working capital.
ENPI GROUP: an Industry Leader in Flexible and Food Packaging.
A Manufacturer of Packaging and Plastic Materials with over 25 years of Experience in Flexible Packaging, PET Preforms and closures, Food Packaging and Hygiene Solutions.
