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UFC shareholders nod to expansion plan

UFC shareholders nod to expansion plan
Photo Credit: Arabianeye-Reuters
United Foods
UFC
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Dubai-Mubasher: The shareholders of United Foods Company (UFC) approved on Tuesday the board’s recommendation to launch new branches outside the UAE and equity investment in local markets, 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.