Kuwait

Mezzan buys majority stake in Saudi’s Al Safi for $24m

Mezzan buys majority stake in Saudi’s Al Safi for $24m

By RJ Whitehead

One of the Gulf’s biggest food and beverage companies has completed the acquisition of 70% of Al Safi Food, effectively granting it a local platform to manufacture and distribute food and beverage products in the Kingdom. 

© iStock

Americana saga ends after Alabbar’s Adeptio pulls out

By RJ Whitehead

The on-again-off-again sale of a majority stake in Kuwait Food Co, otherwise known as Americana, to a Gulf-based consortium has been scrapped by the Al Kharafi family, bringing to an end months of negotiations over a deal worth billions of dollars.

Mezzan reports slow growth ahead of Saudi JV

Mezzan reports slow growth ahead of Saudi JV

By RJ Whitehead

Kuwait’s Mezzan Holding, one of the Middle East’s biggest manufacturers and distributors of food and beverages, has reported in an increase in second-quarter revenue of 2.4% over the same period in 2015 to KWD52.8m (US$175m), and a 3.9% increase in year-to-date...

Mezzan buys into KSA’s Al Safi for $25m

Mezzan buys into KSA’s Al Safi for $25m

By Eliot Beer

Kuwaiti food conglomerate Mezzan Holding will buy into Saudi Arabia’s Al Safi Food for up to US$25m, while EIP, one of the buyers of Diamond Meat Processing, eyes further purchases.

©iStock

$4bn Americana sale collapses

By Eliot Beer

The sale of Americana to investor consortium Adeptio will not proceed, both parties announced on Sunday, ending a transaction which could have been worth as much as US$4bn.

Kuwait fish boycott drives prices down

Kuwait fish boycott drives prices down

By Nathan Gray

Kuwaiti consumers boycotting fish in protest at unprecedentedly high prices have forced market rates down, and drawn support from government officials.

The listing would be the first on the Kuwaiti bourse since 2008

Kuwait’s Mezzan plans IPO

By Eliot Beer

Kuwait food producer and distributor Mezzan Holding is planning to list on the Kuwait Stock Exchange (KSE), offering 30% of its shares for sale.

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