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Siniora board OKs plant expansion by $8.2 mln

Siniora board OKs plant expansion by $8.2 mln
Siniora
SNRA
5.00% 4.83 0.23
In its meeting held on July 3, 2014, the board of Siniora Food Industries P.L.C approved to expand the company’s factory for new products by $8.2 million.

The board also agreed to get $6 million loan from National Bank of Jordan to finance the expansion of the company’s factory against mortgaging the factory’s land in Palestine.