Agthia Group Board of Directors Approve Further Expansion in KSA through a Greenfield Investment

Agthia Group Board of Directors Approve Further Expansion in KSA through a Greenfield Investment

 Agthia Group PJSC, one of the region’s leading food and beverage companies, held a Board Meeting today to discuss and approve key business decisions, including a greenfield investment in Saudi Arabia. 

 

The Board of Directors approved an AED 90 million investment for the construction of a manufacturing facility for Nabil, one of Agthia’s protein brands, in the city of Jeddah. CAPEX spending is expected to start in the coming months, with first sales from the new facility expected in H2 2023.