Halwani Brothers Company [6001.SE] announced the start of commercial operations at its cheese factory in the industrial complex in Jeddah as of 18 January 2016. Meanwhile, the rest of the factories for halawa/tahini, meat, and dairy products (including juice and ice cream) are still in a trial phase, in line with the company’s schedule. Halwani has not yet announced the financial impact of the commercial start of operations for the cheese factory, or the expected impact for the other factories. (Tadawul) Halwani Brothers: SAR59.71 as of 18 January 2016, Rating: Neutral, FV: SAR85.00 per share, MCap: USD455 million, HB AB / 6001.SE
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