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UFC shareholders to discuss expansion plan Tuesday

UFC shareholders to discuss expansion plan Tuesday
One of UFC's factories (Photo Credit: Company's Website)
United Foods
UFC
-1.95% 12.60 -0.25

Dubai-Mubasher: The shareholders of United Foods Company (UFC) will discuss on Tuesday the proposed expansion plan and the opening of new branches outside the UAE, according to a bourse statement.

The company previously approved the 2014-2016 investment plan worth AED 100 million to be allocated for the expansion of its margarine factory in Jebel Ali.

UFC seeks to increase its sales in Europe and North America, the company’s CEO Fethi Khiari said earlier.