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FINANCIAL NEWS
Dubai’s Al Kabeer plans to open a USD13m plant in Jeddah
14 Jul 2012
(MENAFN) Dubai-based frozen foods producer Al Kabeer Group unveiled plans to open USD13.3 million plant in Saudi Arabia, as it seeks to tap into the Kingdom’s hospitality surge, Gulf News reported.
Director of Al Kabeer Group Ahmad Khan was quoted as saying that the original idea was to build the plant in Dubai Industrial City, however, this was changed to Jeddah, with a 2,000-ton production capacity.
Khan explained that the group wants to benefit from the seasonal demand, especially during Haj (and) throughout the year for Umrah.
Khan added that the plant would supply ready-made food to the three, four and five-star hotels in Makkah and Madinah.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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