Arab Today, arab today agthia group completes pelit move
Last Updated : GMT 00:23:52
Arab Today, arab today
Arab Today, arab today

Agthia Group completes Pelit move

Arab Today, arab today

Arab Today, arab today Agthia Group completes Pelit move

Dubai - Arabstoday

Food and beverage company Agthia Group PJSC said it has successfully completed the acquisition of Turkish spring water company Pelit Su, as the Abu Dhabi-based company seeks to expand its footprint beyond the UAE. The acquisition includes 23,000 square metres of land with space for potential future capacity expansion, the company said in a statement posted on the Abu Dhabi bourse website Thursday. CEO Ilias Assimakopoulos said the acquisition will facilitate \"Agthia\'s growth into higher margin premium spring water, targeting not only Turkey and the UAE but the wider GCC and beyond\". Agthia effectively took managerial control of Pelit Su on January 1 although the transaction was completed on Wednesday. Tabreed National Central Cooling Co, known as Tabreed, has opened its second district cooling plant in Ajman. The new plant has a capacity of 10,000 refrigeration tonnes, the company said in a statement to the Dubai bourse Thursday. Sujit Parhar, Tabreed\'s CEO, said: \"The new plant in Ajman will provide year-round, energy efficient, cost-effective and reliable cooling to the local community. We are proud to open the plant and commence the supply of chilled water to our customers. Over the years, we have demonstrated our ability to remain the partner of choice for the UAE\'s leading private and government institutions and I am confident this new plant will play an important role in enabling the economic growth of the emirate.\" Pak Holding Pak Holding of Turkey bought Greece\'s Mel Macedonian Paper Mills, reaching a combined output of 280,000 tonnes a year and making Pak the fourth largest cardboard manufacturer in Europe. Pak Group is the owner of listed Turkish paper and cardboard producer Kartonsan Karton Sanayi and Ticaret, Pak said in an e-mailed statement from Istanbul Thursday. The purchase was made through Pak\'s Dutch subsidiary Pak Group BV, according to the statement. National Detergent The National Detergent Company (NDC) achieved sales revenue of 20.53 million Omani riyals (Dh196 million) in 2011 in comparison to 18.02 million riyals in 2010, an increase of over 14 per cent. The company\'s profit from operations was 1.21 million riyals, down from 1.74 million riyals in 2010. Profit before tax was 1.10 million riyals, down from 1.66 million riyals in 2010. The total accumulated profit before appropriation currently stands at 2.80 million riyals after tax. Based on the net profit, the board of NDC announced a 40 per cent dividend per share. Aksigorta AS Aksigorta AS, a Turkish non-life insurer owned by Ageas of Belgium and Haci Omer Sabanci Holding, said profit surged to 32 million liras (Dh65.2 million) last year, exceeding estimates. Net income rose from 1.48 million liras in 2010, Aksigorta said in a statement to the Istanbul Stock Exchange after the market closed on Wednesday. Saudi rail Saudi Arabia expects its local north-south railway project to cost about 20 billion Saudi riyals (Dh19.6 billion) not including the compensation that will be paid for real estate expropriations, the Saudi-based Al Riyadh daily reported Thursday, citing Mansour Al Maiman, chairman of Saudi Railway Co (SAR). Maiman was talking on the sidelines of the signing of a contract valued at more than 553 million riyals with Spain\'s Construcciones y Auxiliar de Ferrocarriles (CAF), the paper reported. Under the contract, CAF will manufacture five passenger train sets for SAR that it will deliver within 24 months, the daily said, quoting Maiman. Turk Hava Yollari Turk Hava Yollari, the carrier known as Turkish Airlines, climbed in Istanbul after saying passengers increased 19 per cent to 5.1 million in the first two months from a year earlier. Load factor, or the ratio of the number of passengers to seat capacity in planes, increased 4.8 per centage points to 71.6 per cent in the first two months, Turkish Airlines said in a statement to the Istanbul Stock Exchange.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today agthia group completes pelit move Arab Today, arab today agthia group completes pelit move

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Turkey says ends its military operation

GMT 07:53 2017 Thursday ,30 March

Turkey says ends its military operation
Arab Today, arab today Wadih al-Azzazi calls for activating news coverage

GMT 19:29 2017 Thursday ,30 March

Wadih al-Azzazi calls for activating news coverage
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today 'Underwater wasteland' worries

GMT 10:32 2017 Thursday ,30 March

'Underwater wasteland' worries
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Singer Rowida Attiya will issue a new song

GMT 07:38 2017 Tuesday ,28 March

Singer Rowida Attiya will issue a new song
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 07:50 2017 Thursday ,30 March

Breaking trans barriers one barbell

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday