Foursan Group increases its ownership stake to 30% in Siniora Food Industries Plc

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24-02-2013

Foursan Group today increased its ownership stake to 30% in Siniora Food Industries Plc, a leading manufacturer and processor of meats in Jordan and Palestine. This increase comes on the heels of Siniora's continued strong performance. In 2012, the company grew its operational revenues by 26% to $44 million and significantly increased its earnings to $4 million.

Nashat T. Masri, a Partner at Foursan Group, remarked: "Siniora is the leading company in its sector with a strong management team and we are delighted by its impressive achievements. Increasing our investment in Siniora reflects our strong belief in the company and its future."