Agthia (AGTH.AD) is expecting to complete its water bottling plant in Kuwait by end of 2017. According to the company's Vice President, the project, which is a joint venture with a Kuwaiti company, is progressing according to plan. Agthia is also planning to produce Al Ain water in Saudi Arabia, he added, with the project expected to start by 2Q17 after receiving final regulatory approvals. The two projects are part of the company’s 2020 strategy to become a leader in the food and beverage segment in the Middle East. (Mubasher) Agthia Group (AD): AED6.47 as of 27 Feb. 2017, Rating: Buy, TP: AED7.15/share, MCap: USD1,058mn, AGTHIA UH/AGTH.AD
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