Khatif Holding Co., the Kuwait-based acquisition company, announced its latest acquisition but in a new sector "food industry". Khatif acquired a 50% stake in Arwa Gulf Food Co. the main distributor of "LaVazza coffee" in Kuwait, the number one coffee brand in Europe.
During the event, Fatma M. Al-Bader, Founder and Chairman Khatif HoldingCo., also discussed the company's plans to expand into Saudi Arabia and other GCC countries during 2013.
Osama N. Mohamed, Chief Executive Officer, Khatif Holding Co., discussed the new projects signed since the beginning of 2013 by Fajr Al Eman General Trad. & Cont. Co., Khatif Holding first aquisition. He also spoke about the contracts awarded by KGOC and Ahmadia Contracting Co to Ashabakat Technical Networks for Computer, one of the subsidiaries of Khatif HoldingKCSC to supply and implement Oracle project management solutions. Al-Bader concluded by drawing attention to Khatif Consult, and in particular the hiring of its new director, as well as a list of projects in the pipeline.
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