Saudi Gazette - Almunajem plans stake in Doux

Saudi Gazette - Almunajem plans stake in Doux:

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Saudi food distributor Almunajem is considering taking a stake in French poultry processor Doux, which is looking to exit administration within two months.

Almunajem, which distributes Doux's products in Saudi Arabia, is weighing up a 25 percent holding in the company, the French firm has revealed.

The Saudi distributor would join a share roster that looks set to feature French investment fund Développement & Partenariat as the majoirty shareholder in Doux.

The poultry group announced the possible investment from its Saudi customer as it outlined hopes it can exit administration in mid-November after more than a year."

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