Cupid Limited Board Approves New FMCG Plant in Saudi Arabia

Cupid Limited's Board of Directors, in a meeting held on December 29, 2025, has granted in-principle approval for the establishment of a new FMCG manufacturing facility in the Kingdom of Saudi Arabia ...

Cupid Limited's Board of Directors, in a meeting held on December 29, 2025, has granted in-principle approval for the establishment of a new FMCG manufacturing facility in the Kingdom of Saudi Arabia (KSA). This strategic move is aimed at bolstering Cupid Limited's FMCG expansion strategy. The new plant is expected to significantly enhance regional supply chain capabilities, expedite product delivery to market, and improve product availability. It will also strengthen the company's market presence within KSA and the broader GCC region. The project is planned to be financed through the company's internal accruals. Further progress will be contingent upon customary evaluations and the acquisition of necessary regulatory and statutory approvals. Cupid Limited will provide additional disclosures as material developments occur.

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Why is Cupid Limited in the news today?

Cupid Limited (CUPID) is in the news due to the company has received board approval for a new manufacturing facility, indicating expansion and growth potential.

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Cupid Limited Board Approves New FMCG Plant in Saudi Arabia

December 29, 2025, 11:49 AM

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Cupid Limited's Board of Directors, in a meeting held on December 29, 2025, has granted in-principle approval for the establishment of a new FMCG manufacturing facility in the Kingdom of Saudi Arabia (KSA).

This strategic move is aimed at bolstering Cupid Limited's FMCG expansion strategy. The new plant is expected to significantly enhance regional supply chain capabilities, expedite product delivery to market, and improve product availability. It will also strengthen the company's market presence within KSA and the broader GCC region.

The project is planned to be financed through the company's internal accruals. Further progress will be contingent upon customary evaluations and the acquisition of necessary regulatory and statutory approvals. Cupid Limited will provide additional disclosures as material developments occur.

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