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Siniora ,APIC’s subsidiary, fully acquires Diamond Meat Processing LLC in Dubai

2018-05-29

Siniora Food Industries Company- a subsidiary of the Arab Palestinian Investment Company APIC- has fully acquired Diamond Meat Processing LLC (ALMASA Factory) in Dubai, U.A.E by fully purchasing the 30% stake of its partner – Emerging Investment Partners (EIP)- in the factory through a transaction worth $6.135 million. Whereby, Siniora’s stake becomes 100% in ALMASA factory. It is worth mentioning that Siniora acquired 70% of the ALMASA’s capital in the year 2016 through a transaction worth $12 million.

 


 

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