The strategic plans of the seven companies that will debut on Nomu-Parallel Market today, vary from expanding into new markets, opening new branches and developing their products, according to data compiled by Argaam from interviews and prospectuses.

 

Raydan Cuisines & Restaurants Co. aims to double its branches within the next five years, while Baazeem Trading Co. plans to develop its business and sell its brands to new countries by expanding its outreach.

 

Strategic plans

Company

Details

Raydan Restuarants

Raise the number of branches from 24 branches to 50 by year 2021 and targeting GCC countries.

Baazeem

Launch brands in Arab and  African countries; targeting minimum sales of SAR 550 mln and net profit of 10% of sales by 2020

Food Development Co.

Increase the number of branches from 26 to 110 within 5 years

Arab Sea

Develop new programs

Al Omran Trading

Increase production capacity at all plants

Abdulla Saad Abo Moati

Open new branches within the kingdom and move to retail sales in accessories

Al Samaani Metal

Add new production lines at a cost of SAR 9 mln this year; add new logistic services at a cost of SAR 12 mln by Q1-2018

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