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Economy 2020-02-21T04:01:10+02:00
Ukrainian news
MHP To Implement Project In Saudi Arabia Along With Local Contractors

MHP To Implement Project In Saudi Arabia Along With Local Contractors

Yurii Kosiuk, MHP, Saudi Arabia, Turki bin Faisal Al Said

Kyiv-based MHP (Mironivsky Hliboproduct), one of the largest poultry meat producers, is planning to implement a project in Saudi Arabia along with local contractors.

The company has said this in a statement, Ukrainian News Agency reports.

MHP and local partners are expected to invest 30% of the start-up capital and the rest of the amount will be financed at the expense of cheap long-term loans provided by Saudi Arabia.

According to the report, the key partner and official sponsor of MHP in Saudi Arabia is Turki bin Faisal Al Said, a Saudi politician and diplomat.

As Ukrainian News Agency earlier reported, MHP has revised the EBITDA outlook for 2019 downwards by 15% to USD 382.5 million.

The MHP public joint-stock company is a vertically integrated open joint-stock company consisting of enterprises producing chicken, incubation eggs, and fodder, as well as enterprises engaging in crop cultivation.

Больше новостей о: Yurii Kosiuk MHP Saudi Arabia Turki bin Faisal Al Said

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