Beyti, a subsidiary of Almarai Company, has secured a sustainable linked loan agreement valued at EGP 1.80 billion (approximately $36 million) from HSBC Bank. This financing aligns with Beyti’s commitment to advancing sustainability initiatives, reducing its carbon footprint, and enhancing resource efficiency.

Chris Abboud, General Manager of Beyti, highlighted that the company has successfully localized 67% of its raw and packaging materials. Since 2022, Beyti has also diverted 290 tons of plastic waste annually, showcasing its dedication to recycling solutions and waste reduction. Abboud emphasized that these initiatives are crucial to their mission of achieving sustainability throughout their operations.

Abboud explained that the loan facility is a significant step in accelerating their sustainability efforts. It provides the financial flexibility needed to invest in more sustainable solutions, which will enable Beyti to reduce its carbon emissions by 30% by the year 2030, compared to 2019 levels. Todd Wilcox, CEO and Deputy Chairman of HSBC Bank Egypt, noted that the agreement reflects HSBC’s commitment to providing innovative financing solutions that support companies in adopting sustainable practices and transitioning to a low-carbon economy.

In related news, during the three-month period ending on March 31, 2025, Almarai reported an annual growth of 5.62% in net profit, reaching SAR 731.19 million, up from SAR 692.22 million in the previous year.