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Aleid Foods exclusive authorized distributor of “Alkazi” products in Kuwait

Aleid Foods Company signed an exclusive contract with Abdulwahab Food Packing and Packaging Factory to distribute Alkazi brand products in local traditional and digital food outlets, thus supporting the brand’s ambitious strategy for product development and reaching the widest consumer segments in Kuwait.

Khaled Ghazi Al-Badini, founder and general manager of Abdulwahab Food Packing and Packaging Factory, expressed his happiness towards the partnership and cooperation with Aleid Foods, considering it a valuable step that will positively reflect on the product development plans of “Alkazi” and enable the brand to achieve leadership in the local market, emphasizing the importance of distribution and logistical services in securing the presence of “Alkazi” Brand products in traditional and digital sales and marketing channels and its ability to reach the widest segment of target consumers.

In turn, Abdullah Al-Ghanim, Business Development Manager at “Aleid Foods”, valued this partnership with Abdulwahab Food Packing and Packaging Factory pointing out that it aligns with the company’s commitment to providing new products with innovative ideas to the Kuwaiti consumers, to complement their rapid pace lifestyle and their modern changing requirements.

Alkazi offers a variety of dairy and cheese products, produced and manufactured according to the highest quality standards and following safety measures from biological, chemical, and physical hazards in production. The products are made from the best natural and healthy ingredients and distinguished by their authentic flavors to satisfy various consumer tastes at competitive prices suitable for everyone.

This unique partnership aligns with “Aleid Foods” plan to achieve continuous growth, affirming one of the main axes in the company’s strategy of investing in national talents and building effective partnerships with young entrepreneurs and owners of small and medium enterprises.

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Aleid Foods announces the regional expansion strategy Goals_25

Keeping pace with the momentum and ambition of achieving leadership in the food sector and expanding its business across the Gulf region, Aleid Foods Company announced the launching of Goals_25, a clear strategic plan and a pivotal turning point in Aleid’s journey of continuous development, which consolidates the idea with everyone in the work environment and solidifies the trust in the company’s ambitious expansion strategy and creating growth opportunities.

To launch the expansion strategy, Aleid Foods CEO Eng. Mohammed Al-Mutairi explained the symbolic meaning of the Goals_25 plan, carefully defining the strategic steps of the company in the coming years, with the “number 2 stating the pursuit of listing Aleid Foods in two stock exchange markets in the region, and the number 5 signifying enablement of the subsidiary and partner products, services, and brands to enter five vital commercial cities in the Gulf. Finally, the number 25 in the plan indicates the company’s aim at doubling its returns by 25 Million Dinars by end of 2025, compared to the returns achieved by end of the last year 2021”.

Aleid Foods Company is initiating the launch of the Goals_25 plan, by opening the company office in Dubai, the heart of commercial activities in the region, and one of the most vital regional markets known for its competitive qualities, diversity, and high capacity to import and re-export foods goods with specifications matching the Gulf markets. Aleid Foods Dubai office will indeed be a dynamic center for managing the growing commercial activities of the company and its subsidiaries.

Al-Mutairi emphasized Aleid Foods commitment to achieving Goals_25 plan “through harnessing all the capabilities and efforts towards enabling it, by creating a dynamic and flexible work environment that supports the goals and thrives to achieve positive results through the expansion of the company’s structure, based on growing local talents and global expertise, in addition to the continuous development of solid governance policies keeping pace with business progress through Goals_25 plan and establishing Aleid Foods influential positioning in the local and regional markets, based on its unique portfolio of products, diverse sources of income and services in the markets”.

Al-Mutairi concluded by highlighting Aleid Foods’ performance and the motto associated with it, explaining, “As we always say, continuous growth and our journey is just beginning”.

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“Morena”, a new and distinctive chocolate brand from “Aleid Foods”

Aleid Foods Company announced the launch of “Morena”, the first brand from The Central Bakery, one of the latest recently established branches of the company, which will be offering unique chocolate and sweets products exclusively sold and promoted through the brand’s digital platforms.

Morena is a distinctive brand using only superior raw materials and the best natural and sustainable ingredients from sustainable cocoa sources in the green forests of Latin America, all carefully selected by a team of experts specialized in creating and producing chocolate and sourced from the most renowned suppliers in the world following the latest trends and international taste classifications to provide world-class luxury chocolate products with new innovative flavors produced locally in Kuwait. The creation and production stages are led by a team of the most skilled chefs and experts who harness their talents to create extraordinary products with unique flavors that satisfy the lovers of luxury gourmet taste.

The “Morena” brand will launch with 65 creative products, a wide variety of options that captures all aspects of luxury chocolate, from its shiny color and silky texture to its exceptional taste, and will continuously work to develop new products to meet the requirements of different consumer segments, especially the Kuwaiti gourmet.

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Aleid Foods Board of Directors recommends distributing cash dividends of 8% and bonus dividends of 17% of the contributed capital

Company’s net profits increased by 39.8% by end of 2021

Aleid Foods Board approved during its meeting today March 6, 2022 issuing the financial statements for the fiscal year ending on December 31, 2021 as presented by auditors.

The Board of Directors recommended distributing cash dividends of 8% of the contributed capital (8 fils per share of the contributed capital) and distributing bonus dividends of 17% of the contributed capital (17 shares per 100 shares) for the fiscal year ending on December 31, 2021.

The company’s net profit reached KD 2,200,272 (two million, two hundred thousand, two hundred and seventy two Kuwaiti Dinars) for the fiscal year ending on December 31, 2021, compared to KD 1,573,324 for the fiscal year ending on December 31, 2020, with a 39.8% increase and a notable 8.2% increase in shareholders’ equity.

Meanwhile, the company’s share profit increased by 39.8% for the fiscal year ending on December 31, 2021, reaching 15.21 fils compared to 10.88 fils for the fiscal year ending on December 31, 2020. The company’s total operating revenue increased by 30.6% by the end of 2021, compared to the same period in 2020.

Aleid Foods Chairman of the Board of Directors Fahad Al-Mutairi said that the company focused in 2021 on creating a clear and detailed business plan that establishes the foundations for restructuring its operations, reaching efficiency in standard operation procedures and keeping pace with business development. Those results were achieved through consolidated efforts in three paralleled directions, he pointed out, adding that the first is by building new partnerships with local, regional and international trademarks to enter the healthy and snack foods market. While the second was expanding into new sectors by setting up new branches and specialized companies, the first of which was the acquisition of ‘Honey World’ company, which is a Kuwaiti company with a long history and three generations of experience in importing the finest types of honey from the best sources worldwide. Another step was establishing a highly equipped catering center dedicated to offering quality products, he added. “Our development continued by expansion into new sectors, most importantly the Horeca and restaurant catering services sectors, and that by establishing the company Legion Foods with the goal of achieving leadership on the local food sector’s level,” he noted.

Furthermore, Al-Mutairi indicated that the third direction is by focusing on digital development for business empowerment, using digital technologies and operations in marketing and constant studying of the market in order to meet the ever-changing demand quickly and effectively and maintain leadership in various food sectors.

Al-Mutairi asserted Aleid Food’s commitment to constant growth and achieving sustainable returns for shareholders and customers. The company’s three main priorities remain in offering healthy food solutions, using advanced and digital technology to market products and services, and investing in young national manpower either through employment or partnership, he concluded.

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“Aleid Foods” signs an agreement with “Furdtk” to sell its products

A qualitative addition and a first step for the company’s expansion in building effective partnerships with digital websites and applications:

Aleid Foods Company announced the signing of an agreement with Furdtk Company, to market
the products of subsidiaries and partner food brands through the company’s digital channels.

Since its establishment in 2017, Furdtk Fruits and vegetable Company has successfully specialized in fresh vegetables and fruits delivery, later adding a range of food, consumer goods, and organic food products to shop from on the website and application. Furdtk is currently one of the most successful local delivery projects for fruits, vegetables, and food products in Kuwait.

Faisal Al-Ajmi, Aleid Foods Digital Marketing Director, confirmed that the cooperation with the “Furdtk” website and application is a qualitative first step for “Aleid Foods” expansion in building effective partnerships with digital platforms specialized in online shopping and delivery services, and in line with the company’s vision for digitalization and venturing into new channels to reach the widest consumers’ segments.

In turn, “Furdtk” website and application founder, Muhammad Al-Hajraf, expressed his great happiness in cooperating with the “Aleid Foods” Company, one of the most remarkable local food companies with its outstanding performance and development, which coincides with “Furdtk” website and application finally obtaining ISO certificates and the Food Safety and Quality Management System from the most important and globally accredited American institutions.

And he added, we value the unique role of Aleid Foods Company in supporting the Kuwaiti entrepreneurs of unique businesses and national products, hence we aspire to a successful cooperation that achieves the interest of both parties, aligning with our vision to deliver the widest range of products and services to our customers.

The cooperation with “Furdtk” website and application supports “Aleid Foods” commitment to achieving continuous growth by focusing on key axes, most notably digital expansion into new sectors supporting the marketing of its product and reaching the widest consumers’ segments.

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Aleid Foods Food Supply Center cooperates with the renowned brand “Qassar” for the production of their new product lines

Aleid Foods Supply Center, a branch of “Aleid Foods” Company, announced the agreement with Gulf European Trading Company to produce and supply a selection of food products for “Qassar” brand.

Abdullah Al-Ghanim, Business Development Manager at “Aleid Foods” confirmed that Aleid’s Food Supply Center is equipped with the state-of-the-art machines and technical support as adopted in world-class modern kitchens, which qualifies it to take on the production of private labels in accordance to the highest quality standards, meeting the aspirations of the brand owners and the local market needs for innovative food products and advanced services.

Al-Ghanim added that the cooperation with “Al-Qassar” brand, whose founder Sulaiman Al-Qassar, is famous for his unique cuisine, serving traditional authentic Kuwaiti dishes with distinctive flavor, is a successful start that reinforces the center’s main goal in providing an exceptional experience for the Kuwaiti gourmet consumer keeping pace with the continuous traditional and digital development in production and distribution.

In turn, the most famous culinary influencer in Kuwait, “Sulaiman AlQassar”, expressed his great happiness in the agreement with Aleid Foods to produce and package products of his brand including his special recipe of Achar and Maabouj. He noted that this cooperation achieves his aspirations to preserve his mark, the special recipes that he developed over the years, and the engagement with the public who always loved his cuisine all at once, in a national high-quality product with authentic Kuwaiti flavor appreciated by the gourmets.

The cooperation with the “Al Qassar” brand is the first project for Aleid Food Supply Center, as part of its strategy to build effective partnerships with the owners and entrepreneurs of ambitious local food brands, which contributes to Aleid Foods Company vision of continuous growth.

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“Aleid Foods” exclusive authorized distributor of “Bnt Manahi” products in Kuwait

Aleid Foods Company signed an exclusive contract with “Bnt Manahi” to distribute its frozen products in local traditional and digital food outlets, thus supporting the brand’s ambitious strategy for product development and reaching the widest consumers’ segments in Kuwait.

Hanadi Al-Hajri, founder of “Bnt Manahi” and president of The Sanctuary Businesswomen Club, expressed her happiness towards the partnership with Aleid Foods, and considered it a valuable step which will positively reflect on the product development plans of “Bnt Manahi”, and its enabling it’s concept to achieve leadership in local and regional markets, emphasizing the importance of distribution and logistical services to securing the presence in traditional and digital sales and marketing channels for brand “Bnt Manahi” products, and the ability to reach the widest segment of target consumers.

In turn, Abdullah Al-Ghanim, Business Development Manager at “Aleid Foods”, valued this partnership with “Bnt Manahi” pointing out that it aligns with the company’s commitment to providing new products with innovative ideas to the Kuwaiti consumers, to
complement their rapid pace lifestyle and the modern changing requirements.

“Bnt Manahi” specializes in fast-frozen products, made from the best ingredients with authentic flavors, which are heat-treated according to the highest international quality standards, and can be safely prepared “quickly quick” at home using an Airfryer.

The brand offers wide options of carefully selected frozen foods and traditional famous Kuwaiti snacks, with authentic flavors at competitive prices suitable for everyone. And despite its being a new Kuwaiti brand, it has earned the admiration of many consumers in Kuwait, in addition to its export to Qatar and the UAE.

This unique partnership aligns with “Aleid Foods” plan to achieve continuous growth, affirming one of the main axes in the company’s strategy of investing in national talents and building effective partnerships with young entrepreneurs and owners of small and medium enterprises.

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“Aleid Foods” launches the first location of “The Happiest Bakery” at Onecost Shuwaikh

Aleid Foods signs a new agreement with IFA Food Company

“Aleid Foods” announced its new agreement with “IFA Food
Company” to launch the first shop in shop model of “The Happiest
Bakery” brand and offering its freshly baked products and sweets to
the customers of Oncost central market in Shuwaikh.

“The Happiest Bakery” is the first brand of “Aleid Foods” Central
Bakery set to provide quality value products with a unique taste at
the best prices. The brand offers a wide selection of daily fresh
bakes, sweets and specialty cakes as well as occasional desserts
made of the best ingredients, and aligning with the modern and
changing consumer demands of new bakes trends hence meeting
broad market requirements of various sector categories.

This new venture comes as part of the ambitious operational strategy
to develop the central bakery at “Aleid Foods” and support the
company’s market expansion plans, in-line with the commitment to
continuous growth by providing innovative ideas and diverse
products to reach wider base of consumer segments in the food
sector.

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