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.
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Strategic plans |
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Company |
Details |
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Raydan Restuarants |
Raise the number of branches from 24 branches to 50 by year 2021 and targeting GCC countries. |
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Baazeem |
Launch brands in Arab and African countries; targeting minimum sales of SAR 550 mln and net profit of 10% of sales by 2020 |
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Food Development Co. |
Increase the number of branches from 26 to 110 within 5 years |
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Arab Sea |
Develop new programs |
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Al Omran Trading |
Increase production capacity at all plants |
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Abdulla Saad Abo Moati |
Open new branches within the kingdom and move to retail sales in accessories |
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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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