KSA’s AAHC plans large-scale investment into food sector


January 3, 2015 | By RetailME Bureau

Saudi-based Abdulaziz Alsaghyir Holding Company (AAHC) plans to invest $266 million in the food sector over the next five years. It also plans to establish a new limited liability company Abdulaziz Alsaghyir Foods Co Ltd, with the new entity operating in three main fields –manufacturing, distribution and retail.

“The outstanding successes achieved by our company on the local level in unanimous investment fields motivated us to take further expansion steps towards investing in new sectors – on head and above of which came the Saudi food sector together with a range of international and regional markets,” says Hisham Alsaghyir, CEO and board member of Abdulaziz Alsaghyir, adding that the new company could cement its presence in the food sector via acquisition of companies active in this field.

Alsaghyir added that the company is currently in the process of studying and evaluating opportunities for acquiring majority shares in a number of Saudi and UAE companies. “We’ve entered into advanced negotiations with one of Saudi Arabia’s meat manufacturing companies and we’re about to finish the financial and technical inspections of this transaction,” he reveals.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand 

Continue Reading

March 31, 2021 | By RetailME Bureau

Locally owned supermarket Spinneys celebrates 60 years of doing business in the 

Continue Reading

March 9, 2021 | By RetailME Bureau
Almarai, Carrefour, Emirates have the most loyal customers

UAE-based Carrefour will become the first retailer in the region to offer new levels 

Continue Reading

February 22, 2021 | By RetailME Bureau

The Organic Farmers’ Market is back in Bay Avenue for its 12th 

Continue Reading

February 17, 2021 | By RetailME Bureau

UAE-based  Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah, 

Continue Reading

February 15, 2021 | By RetailME Bureau
Jones the grocer

Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones 

Continue Reading

February 1, 2021 | By RetailME Bureau

UAE-based Al Maya Supermarkets is hosting a two-week food festival at select 

Continue Reading

January 17, 2021 | By Lawrence Pinto

Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the 

Continue Reading

January 17, 2021 | By RetailME Bureau
Cookit

Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created 

Continue Reading

January 5, 2021 | By RetailME Bureau
Al Islami Plant-Based Burger

UAE-based Al Islami Foods, one of the largest frozen food companies in 

Continue Reading

January 3, 2021 | By RetailME Bureau
Marks & Spencer's plant-based range

Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free 

Continue Reading

December 23, 2020 | By RetailME Bureau

World’s largest fully integrated online brand in fresh fish and meat e-commerce 

Continue Reading

December 14, 2020 | By RetailME Bureau




Download Images RetailME Magazine