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
 Jul 28 2015 - Optibiotix completes study on cholesterol reducing capsuleProactiveInvestors - UK
(MENAFN - ProactiveInvestors)-- ADDS CHIEF EXECUTIVE COMMENT DETAIL AND SHARE PRICE Life sciences group Optibiotix (LON:OPTI) has completed a clinical study for its cholesterol reducing capsules with ...

 Jul 28 2015 - Most followed: GDP GKN Hikma Melrose Resources RSA Insurance supermarketsProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Conspiracy theorists who reckon governments juice up the economy so an economic revival coincides with a General Election may have to have a rethink. Either that or the ...

 Jul 28 2015 - Mosman Oil raises £400000 for deposit on acquisitionProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Mosman Oil and Gas (LON:MSMN) has raised £400000 from a placing to move forward the acquisition of a producing asset along and arrange for it to be ...

 Jul 28 2015 - Risers & Fallers including Edge Virgin Money Informa Dialight Royal Mail and more...ProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Below are the main news-driven share price movements at 12.15pm. RISERS Edge Resources (LON:EDG) up 16.8%. The company raised C$500000 through a private placement with ...

 Jul 28 2015 - UAE Etisalat telecom's profit dives 40% in Q2AFP
(MENAFN - AFP) UAE telecom giant Etisalat said on Tuesday its net profit plunged 40 percent in the second quarter because of higher depreciation and the impact of its troubled Saudi unit ...

 Jul 28 2015 - UAE hikes petrol prices 24%, cuts diesel 29%AFP
(MENAFN - AFP) The United Arab Emirates will hike the retail price of petrol by 24 percent but prices will still be low by international standards, a government committee announced on Tuesday. From ...

 Jul 28 2015 - Saudi Sipchem suffers 55% net loss in Q2MENAFN
(MENAFN) Saudi International Petrochemical Co. (Sipchem), records 55 percent profit loss in the second quarter, Arab News reported. According to a report, the International Petrochemical net loss is ...

 Jul 28 2015 - Saudi- Low sales, high costs put Tasnee in lossKhaleej Times
(MENAFN - Khaleej Times) Saudi Arabia's National Industrialisation, or Tasnee, on Monday said it swung to a net loss for the second quarter, which the petrochemical producer blamed on lower product ...

 Jul 28 2015 - Flat growth in Abu Dhabi housing rentsKhaleej Times
(MENAFN - Khaleej Times) The housing market in Abu Dhabi saw flat growth in rents during the second quarter of the year, while remaining stable this quarter, according to real estate investment and ...

 Jul 28 2015 - UAE hikes petrol prices by over 22%Khaleej Times
(MENAFN - Khaleej Times) The UAE on Tuesday made foray into the new era of zero-subsidy regime for fuel prices in Gulf Cooperation Council by announcing new prices for August.A high-powered ...

more...


 






Google

 
 

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