Githaiah signs SAR 5.3 contract with a Swedish co. to install a tunnel freezer

05/08/2012 Argaam

Food products company (Githaiah) announced today on tadawul the signing of a contract with a Swedish company for the Swedish co. to supply and install a tunnel freezer.

 

The tunnel freezer is complementary to the frozen potato chips product line contracted for with a Netherlander company for EUR 3m.

 

The new product line has a total cost of SAR 71m and is financed by the SAR 34m credit agreement with SIDF, local banks’ credits and the company’s internal resources.

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