Saudi's Almarai continues expansion with acquisition of UAE beverage production facility
Saudi Arabian food group Almarai has acquired the production facility of UAE-headquartered Binghatti Beverages Manufacturing for 215 million dirhams ($58.5 million).
Almarai said in a regulatory filing on Wednesday (June 2) the acquisition of the Abu Dhabi facility will expand its range of beverage products.
Binghatti Beverages is the manufacturing arm of Binghatti Holding. It specialises in traditional juice flavours of the Middle East. Its brands include Raubi, Milkster, and Fruitastic.
Continue reading
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Joined by 12,000+ Islamic economy professionals
Create a free account
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
