PE fund acquires controlling stake in Country Hill International
A private equity fund backed by Mizuho Bank and The Norinchukin Bank acquires a controlling stake in Country Hill International, a UAE-based supplier of premium protein products.
Food and Agri-Business
Bahrain Flour Mills names new Chief Executive
The board of directors of Bahrain Flour Mills Company (Al-Matahin) has named Henry Wayne Craig as chief executive officer.
Mitsubishi Corporation acquires minority stake in Al Islami Foods
Al Islami Foods, one of the leading frozen food companies in the UAE and GCC markets, announced that Mitsubishi Corporation has acquired a minority stake in the UAE-based halal food manufacturer.
Former Archer Daniels Midland executive to lead Saudi SALIC
Saudi Agricultural and Livestock Investment Company (SALIC) announced that Matthew Jansen, ex-CEO of the international grain business at China’s COFCO Group, is being appointed Chief Executive Officer.
Khaled Al-Aboodi named Managing Director of Salic
Saudi Agricultural and Livestock Investment Company (Salic), a state-owned food security company, has named Mr. Khaled Al-Aboodi as Managing Director.
PepsiCo names Mike Spanos as CEO of AMENA region
PepsiCo, Inc. has announced that, effective January 1, 2018, Mike Spanos will become Chief Executive Officer, Asia, Middle East and North Africa (AMENA).
Saudi Grains’ asset sale draws bids from Europe, US
Business groups from around the world – including Europe and the United States – are eyeing the Saudi Grains Organization’s sale of its milling operations.
Mezzan Holding revenue up 5.8% in 2016
Mezzan Holding, one of the largest manufacturers and distributors of food, beverage, FMCG and pharmaceutical products in the Gulf, has reported 5.8 per cent revenue growth in 2016.
Khalid Al Zadjali named as CEO of Oman Fisheries
The board of Oman Fisheries Co has approved the appointment of Dr. Khalid Al Zadjali as chief executive officer of the company, effective January 29.