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22-Jan-2017

Halwani to establish a new EGP100mn dry products plant

Halwani Brothers [6001.SE] is looking to establish a new EGP100mn dry products factory in Egypt in 2017, as part of the company’s plans to increase its production capacity by 50%. By establishing the new factory, Halwani plans to split dry production from its poultry plant. The company is also targeting to double its exports in 2017 to reach 20% of sales.  (Al Borsa)   Halwani Brothers: SAR56.44 as of 19 Jan, Rating: Sell, TP: SAR46.00 per share, MCap: USD430mn, HB AB / 6001.SE  

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