Beyti to open new factory end of 2017; targets 20% revenue growth in 2017
Beyti, Almarai’s [2280.SE] 52%-owned subsidiary in Egypt (through JV IDJ), is planning to commission its new factory in Nubareia by end of 2017. Beyti is also targeting to raise sales revenue 20% in 2017, which will be achieved through expansions and increase in production lines. The company is also planning to grow its exports to GCC and North African countries in the coming period. (Al Borsa) Almarai: SAR68.24 as of 22 January 2017, Rating: Neutral, TP: SAR54.50 per share, MCap: USD14,558mn, ALMARAI AB / 2280.SE
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