Company plans to "Abdulaziz small Holding", one of the largest Saudi Arabia specialized in investment, construction, building materials, real estate development, corporate sectors, new investments worth billion Saudi riyals in the food sector over the next five years, through the establishment of new limited liability company under the name of "Abdulaziz company Little Food Co., Ltd. ", which specializes in three main areas, namely manufacturing, distribution and retail.
Hisham al-Saghir, CEO and board member Abdulaziz small Holding Company, the holding company's success at the local level in several investment sectors was a motivation to take expansionary steps towards investing in new sectors, most notably the food sector in Saudi Arabia and some markets, regional and international, pointing out that the new company is seeking to strengthen its presence in the food sector through acquisitions or full acquisition of majority stakes in some of the operating companies in the sector or the establishment of new specialized companies.
He stressed that the "Little Abdulaziz Food Company Limited" earmarked an investment of SR billion over the next five years to implement a range of acquisitions in the local and regional markets, stressing that the company enjoys the position of a strong financial position to finance targeted acquisitions, either through self-financing or through access to credit facilities funded banks.
He said little, that the company is currently the process study and evaluation of some of the opportunities available for the full takeover or acquisition of majority stakes in some of Saudi Arabia and UAE companies, he said, adding: "We traveled advanced negotiations with the meat manufacturing company in Saudi Arabia and we are going to complete the financial and technical of the transaction testing and expect to The signing of the final agreement for the acquisition during the first quarter of this year, but he did not disclose the names of those companies, except to say it big and important opportunities. " He said CEO and board member Abdulaziz small Holding Company, the food sector is one of the fastest growing sectors in the world, estimated to be worth up to $ 5 trillion, pointing out that the projections indicate that imports of the Kingdom and the Gulf of food products will rise to more than doubled in the decade Next, what makes the investment in this sector is strategic.
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