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“We have already acquired an AED 40 million building on the renowned Diplomatic Quarter Street in Manama in order to house our Bahrain office,”
said Foodco’s Managing Director and Member of the Board of Directors, …Read full article » United Arab Emirates: Saturday, March 11 - 2006 @ 14:22
The net profits reached AED 133 million as compared to AED 72 million in 2004.
This was reported at the recently concluded meeting of Foodco’s Board of Directors. The company also reported a remarkable surge in …Read full article » United Arab Emirates: Sunday, February 12 - 2006 @ 16:07
Existing shareholders of Foodco oversubscribed the company’s offer by more than 239% within a week of the announcement.
Foodco had offered 16.5 million common stocks on a par value of AED 1 per share. Sense …Read full article » United Arab Emirates: Saturday, January 21 - 2006 @ 16:23
The decision was taken at the Foodco board meeting held recently. The board has also decided that Foodco will hold 50% stake and 50% of the shares will be offered to the existing Foodco shareholders. …Read full article » United Arab Emirates: Saturday, October 29 - 2005 @ 10:52
Managing Director of Foodco and member of the Board of Directors, Mr. Ahmed bin Ali Al Dhahry said, “The facility will provide top class infrastructure and efficient and well-developed support services thereby actively encouraging entrepreneurs …Read full article » United Arab Emirates: Thursday, September 22 - 2005 @ 13:07
The results were accomplished with a substantial increase in Q2 sales for the current year up by 11 per cent to reach AED 45.3 million (US$12.34 million). Net income from investments too went up by …Read full article » United Arab Emirates: Monday, July 25 - 2005 @ 10:40
This was agreed at a meeting recently convened by the Abu Dhabi National Foodstuff Company (Foodco) and attended by senior representatives of the Abu Dhabi Planning and Economy Department, Abu Dhabi Investment Company (ADIC) and …Read full article » United Arab Emirates: Tuesday, May 31 - 2005 @ 11:35
Foodco’s Marketing Manager, Mr. Hagop Kassabian said: “Our brand of Hafeet Spring Water which was launched earlier this year is all set to capture a greater share of the UAE’s mineral water market as we …Read full article » United Arab Emirates: Saturday, May 14 - 2005 @ 11:27
The net profits reached AED 33.7 million for the quarter.
Foodco also reported a remarkable surge of 132% in dividends and a 16% growth in profits through trade for the same quarter.
“Foodco has grown substantially to …Read full article » United Arab Emirates: Saturday, April 23 - 2005 @ 10:51
Foodco’s Managing Director, Ahmed bin Ali Khalfan Al Dhahery signed the agreement along with Hindalco’s General Manager, Debashis Pati at a meeting in Abu Dhabi yesterday.
“This commercial venture will ensure a steady and high quality …Read full article » United Arab Emirates: Sunday, April 10 - 2005 @ 11:48