(MENAFN) Abdulatif Alissa Group Holding Company has signed an agreement to purchase 35 percent shares in Tania Bottled Water Company, one of the leaders in the bottled water industry in Saudi Arabia, according to Arab News
The agreement was signed by Abdulmohsin Abdulatif Alissa, chairman of Abdulatif Alissa Group Holding Company and Shuwaimi bin Ajyan Al-Kattab, CEO of Tania Bottled Water Company Ltd
Alissa Group's agreement is part of its wider plans to invest in companies with strong competitive edge, especially in food and beverage sector "where Tania is considered a pioneer, and this partnership will be an important step to achieve our group objectives in growth and development."
Al-Kattab, CEO of Tania Bottled Water Company Ltd., said: : "We consider this strategic partnership with Abdulatif Alissa Group Holding Company an opportunity to cooperate and exchange experiences and to open doors for us to invest into new industrial opportunities. We ask Allah to bless this new partnership to benefit the people and the nation and become a support for food security in the Kingdom.