Saudi Arabia based Almunajem Foods Company’s board of directors has approved launching a new outfit in the country’s capital Riyadh, with a share capital of SAR 1 million. The new company will operate integrated logistics services, according to a bourse filing. In the first quarter (Q1) of 2024, Almunajem Foods’ net profits surged to SAR 114 million from SAR 81.90 million in Q1-23. The company is well known for imports, markets, and distribution of food products.
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