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13-Jul-2016

Halwani fully completes relocation to new Saudi production complex

Halwani Brothers [6001.SE] announced the start of commercial operations at its dairy factory, which also includes production of juice and ice cream, at its new industrial complex in Jeddah. With that, the company has completed the relocation of all its KSA factories to the new complex. Halwani will announce the financial impact of the dairy factory, as well as the total investment cost of the project in 3Q16. (Company disclosure)   Halwani Brothers: SAR61.66 as of 12 July 2016, Rating: Neutral, FV: SAR68.00 per share, MCap: USD470mn, HB AB / 6001.SE

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