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Aleid Foods shareholders approve 5% cash dividends and 20% bonus shares for year ended December 31, 2020

During Aleid Foods’ Annual General Meeting (AGM) held today, shareholders approved the distribution of cash dividend of 5% of the nominal share price in addition to 20% bonus shares for the fiscal year ended December 31, 2020. Dividend will be distributed to shareholders registered in the Company’s register.

The AGM also approved the Board’s proposal to deduct 10% of earnings and place it in its voluntary reserve, in addition to another 10% in its statutory reserve.

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“Aleid Foods” launches its new official corporate website

Kuwait – February 22, 2021: Aleid Foods company announced the launch of its official website, which comes as the starting point of its holistic plan for restructuring and digital transformation, in order to enhance the operational position of the company to be a leader in providing end to end services in the local and regional food sector through a vertically integrated model backed by supporting business lines, in order to achieve its flexible customer-centric strategy and add value to its partners, by providing a variety of options from the most well positioned brands globally, regionally and locally. 

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Aleid Giving back 100 Online Projects Initiative

Aleid Foods Company launched an initiative within the company social responsibility clause for 2021, in cooperation with “Ghaya Online”, to support and create the e-business environment for a number of small and medium enterprises that have been economically affected by the COVID-19 pandemic. The initiative includes the creation of 100 websites for marketing of goods and services provided by emerging and medium enterprises in order to improve their presence and contribute in enhancing the performance of their national capacity for a better future for Kuwait.

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Aleid Foods Announce Digitalization

Muhammad Saud Al-Mutairi, CEO of Aleid Foods Company, commented on this partnership by saying: “Aleid Foods Company started the restructuring planning process three years ago, in preparation for supporting its long-term growth by introducing new products and acquiring regional and international commercial agencies”. Al-Mutairi noted the company’s strategy is to establish a strong base of modern services in the field of marketing, especially the digital ecosystem and e commerce, expressing his great pleasure in cooperating with Click Ventures and affirming his confidence in its experience and ability to implement the future digital strategy of Aleid Foods Company.

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