Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Top businesswoman spills secret of her sweet success  Join our daily free Newsletter

MENAFN - Arab News - 21/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN -Arab News) saudi women can continue to make huge strides in business if they are patient do proper research work hard and are committed to produce quality products and services

This is the view of princess hala bint mishari bin saud the owner of the popular munch bakery chain of stores who spoke to fellow businesswomen at the riyadh chamber of commerce and industry recently

The meeting of the chamber's women's committee included nouf bint abdullah al-rakan chairperson of the committee and haila bint abdulrahman al-saud the general director of the chamber's women's branch

Princess hala said she came up with the idea of the project in 2007. she then conducted studies and research for a whole year to determine what sweets the public wanted in riyadh jeddah and dammam

'our main concern was the consumers so we started with a shop in jeddah. i first had difficulty getting a loan because banks do not fund such small projects. i was forced to ask my father for a loan to set up the shop at an initial cost of sr1.3 million. the project is 100 percent saudi" she said

'the biggest problem i encountered was getting visas for foreign workers. but this was soon resolved by recruiting workers from inside the kingdom. then came the issue of getting licenses and going through other government and municipal procedures.

She opened a second shop after two months. 'we had to work hard to consistently produce good quality sweets.

Princess hala said she registered the name of the bakery in the kingdom gulf states and a few other countries abroad

'we had some difficulty registering the trademark in the united states but after a year and a half of hard work we managed to do so.

She said the group of partners found an imitation munch shop in egypt. 'the business had operated for 18 months before we discovered it. but since our rights were protected the authorities there intervened and closed the shop.

She said the business is always looking to innovate. 'we introduce a new product every three months. our prices are affordable and all the ingredients are sourced fresh from saudi markets." in addition there is a 50 percent discount for charities

She said the success of the business is based on transparency between the partners. there is also a commitment to ensure the highest levels of hygiene. the riyadh municipality recently gave munch an award for its health standards during production she said

The company employs 320 people who all have clear job descriptions career paths health insurance and access to loans

Looking to the future the company plans to launch a new line of products including beverages salted items ice creams and other frozen sweets

'a businesswoman must be patient and have the strength and determination to succeed. a woman should not be pessimistic she must work hard and constantly think about the good quality work she's producing.

Women should also grab the opportunity to get funding from the government she said.

Princess hala said the kingdom has a solid economy and she expects it to boom in the next 10 years because of huge investment and commercial opportunities.

She studied in the united states and has a master's degree in psychology having conducted research on compulsive disorders

Al-rakan said princess hala is an outstanding role model for young women in the business world.


 


Arab News




  MENA News Headlines
 Dec 27 2014 - Saudi lifts up state spending to record in 2015MENAFN
(MENAFN) Saudi Arabia will lift state spending to a record in its 2015 budget while covering a deficit with its huge fiscal reserves, The Peninsula Qatar reported.The government's decision is set to ...

 Dec 27 2014 - Flydubai logs record year in 2014MENAFN
(MENAFN) Flydubai said it had a record year in 2014, having launched 23 new routes and created a network of 89 destinations across the GCC, Europe, Africa and the Indian Subcontinent, Gulf News ...

 Dec 27 2014 - Saudi foreign trade to grow 5.5 percent in 2015MENAFN
(MENAFN) Saudi policies have been 100 percent successful as evidenced by the largest budget in the country's history for 2015, which envisages USD229 billion spending during the new year, Arab News ...

 Dec 27 2014 - UAE- Three arrested for stealing power cables worth Dh66 millionKhaleej Times
(MENAFN - Khaleej Times) Firms urged to guard construction sites with enough security staff Ras Al Khaimah: The Ras Al Khaimah (RAK) Police have arrested three Asian men for their involvement in ...

 Dec 27 2014 - Qatar A team clinches 16th GCC Volleyball Championship titleThe Peninsula
(MENAFN - The Peninsula) The winning Qatar A team's players pose for a group photo along with the officials after defeating Bahrain A team in the final of 16th GCC Beach Volleyball Championship at ...

 Dec 27 2014 - Bahrain- Anti-govt protestThe Peninsula
(MENAFN - The Peninsula) Shia protesters in Bahrain hold up national flag as they take part in an anti-government demonstration in the village of Jannusan, west of capital Manama, yesterday. The ...

 Dec 27 2014 - Jordan denies IS shot down its warplaneThe Peninsula
(MENAFN - The Peninsula) Jordan's military yesterday denied claims by the Islamic State group to have shot down one of its warplanes which crashed in Syria, after the pilot was captured by the ...

 Dec 27 2014 - Yemen- Protest in Sana'aThe Peninsula
(MENAFN - The Peninsula) People demonstrate against the deployment of armed militia of the Shia Houthi movement in Sana'a yesterday. ...

 Dec 27 2014 - Qatar- Gold loses sheen, to end 2014 on flat noteThe Peninsula
(MENAFN - The Peninsula) Gold has lost its sheen this year and is all set to end 2014 on a flat note, leaving investors disappointed. Prices are hovering around the same level seen at the beginning ...

 Dec 27 2014 - Qatar to host 19th meeting of GCC Environment MinistersThe Peninsula
(MENAFN - The Peninsula) Qatar has taken part in the 18th session of GCC ministers in charge of the environment in Kuwait.The Minister of Environment H E Ahmed Amer Mohamed Al Humaidi led Qatar's ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help