Home / Business and Economy / Cupid Board Approves Saudi Manufacturing Facility
Cupid Board Approves Saudi Manufacturing Facility
30 Dec
Summary
- Cupid's board greenlit a new FMCG plant in Saudi Arabia.
- The facility supports expansion and strengthens GCC market presence.
- Project funding will come from internal company accruals.
Cupid Limited's board of directors has granted in-principle approval for setting up a new FMCG manufacturing facility in Saudi Arabia, as announced on December 29, 2025. This decision is a key component of the company's broader FMCG expansion strategy.
The proposed plant is designed to significantly enhance Cupid's regional supply capabilities, ensuring faster market entry and better product availability. It is also intended to strengthen the company's foothold in Saudi Arabia and the wider Gulf Cooperation Council (GCC) region.
Funding for this significant project will be sourced from Cupid's internal accruals, with further progress contingent on customary evaluations and necessary regulatory approvals. The company also reported a 140 percent jump in its Q2FY26 net profit.
