Bahrain Flour Mills planning new factory

19/03/2015 05:41 AST

Company has announced plans to set up a new factory with a high production capacity at Hidd Industrial Area.

Work on the BD20 million project is expected to be completed in three years.

The factory aims to meet growing local demand and supply large quantities to food-manufacturing factories in Bahrain at non-subsidised rates.

The new factory is expected to double flour production capacity, which is currently at 420 tonnes daily, company chief executive Mohammed Abdulwahab Nass told our sister paper Akhbar Al Khaleej.

Chairman Abdullatif Al Awjan said the company posted BD614,142 net profit last year and the board has approved distribution of cash dividends of 45pc of the paid-up capital or 45fils per share to shareholders.


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