FINANCIAL NEWS

Abbar Foods, Egyptian firm sign distribution contract

24 Apr 2011

(MENAFN) General Manager of the Egypt-based Mashreq Des Produits Laitiers (MDPL), Medhat Azer, said that the company signed a deal for recruiting Saudi Abbar Foods to distribute its products in the Kingdom, reported Reuters.

Azer said that although the company owns a factory in Alexandria that exports products directly to the Gulf, a partnership with a strong company in the Saudi market would be beneficial to both parties and would boost services offered to Saudis.

Its is worth noting that MDPL is a subsidiary of the French Group Soparind Bongrain, while Abbar Foods is a subsidiary of Abdullah Mahmud Abbar & Sons Group.

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