SADAFCOSaudi Dairy and Foodstuff Company
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Matthjis added: "Furthermore, SADAFCO will utilise the most eco-efficient solar technology as it generates 226KW of power from the sun and combines it with output of existing diesel generators.
Established in 1976, SADAFCO specializes in dairy and foodstuff manufacturing, importing, distributing and marketing in Saudi Arabia and has established a strong reputation and following in the food and beverage industry across the GCC region.
6 million) resulted from the reclassification of SADAFCO - Saudi Dairy & Foodstuff Co.
Dairy cooperative Fonterra, which is owned by 13000 New Zealand dairy farmers and is the world's largest exporter of dairy products, said it has reached a final agreement to purchase the remaining 51 per cent stake in Saudi New Zealand Milk Products, a joint-venture dairy manufacturing facility with SADAFCO in Saudi Arabia.
In particular, SADAFCO and KARO were the main contributors to QPIC's higher share of income.
Some of the major transactions included Jarir Marketing Company, Al Zamil Industrial Investment Company and SADAFCO.
Now that Fonterra is a major stakeholder in the firm, SADAFCO should benefit in a number of ways, most prominently through greater economies of scale.
This rise was due to new acquisitions made by the company and particularly in SADAFCO - Saudi Dairy and Foodstuff Company, despite the significantly lower profitability from Kuwait Aromatics Company (KARO), he added.
Tetra Pak also joins hands with its partners like SADAFCO, Al-Safi Danone and Nadec to roll out awareness campaigns on various communication platforms, aiming to continuously raise consumer awareness about the valuable benefits of milk and, in line with its motto, protects what's good, Tetra Pak has always believed in spreading its message of protecting bones through milk, healthy beverages and food consumption, to a wider audience, remarked Ziyad Al-Jadid.
Produced and packaged for SADAFCO in Europe, Crispy Tortilla Chips are gluten free and can be safely consumed by people with gluten-related dietary conditions, the company stated.