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18-Feb-2016

Halwani to inaugurate Egypt poultry plant in February, run full operation in new Jeddah complex in 1Q2016

Halwani Brothers Company [6001.SE] expects to commence operations at its newly-built poultry production facility in Egypt (investment cost of EGP80 million) in February 2016, after completed trial production in end-2015. Also, the company expects to run a complete operation at its new production complex in Jeddah Industrial City by end-1Q2016, as it will start operations at its Halawa and tahini, meat and dairy (juice and ice cream) plants. The company already commenced operations at its new cheese factory in the same complex earlier in January 2016. (Company Disclosure)   Halwani Brothers: SAR63.85 as of 17 February 2016, Rating: Neutral, FV: SAR85.00 per share, MCap: USD486 million, HB AB / 6001.SE

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