FADECO inks deal with Nana to expand product distribution network

15/08/2022 Argaam
Logo of FADECO

Logo of FADECO

Nomu-listed Arabian Food & Dairy Factories Co. (FADECO) signed today, Aug. 15, a one-year agreement with Nana Direct Co., according to a bourse statement.

 

The deal aims to expand FADECO’s product distribution network and facilitate the delivery to customers, through the adoption of the principle of electronic shopping, given that it is the preferred option for a wide segment of society.

 

In addition, the deal aims to cover the growing demand and reach the largest possible number of areas and neighborhoods.

 

The company indicated that the relevant financial impact cannot be determined currently, adding that the deal does not have any related parties.

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