Article: Saudi Food Products Co, TADCO to set up olive processing JV.

(ADP News) - Jun 8, 2009 - Saudi Food Products Company (FPC) (SAU:2100) said Saturday in a statement to the Saudi bourse it had signed a Memorandum of Understanding (MoU) with local agricultural producer Tabuk Agricultural Development Company (TADCO) (SAU:6040) to jointly set up a company engaged in olive processing.

The two partners did not disclose the new firm's name and capital, but said they will attract more investors to the project.

FPC (www.wafrah.com) is a joint stock company established in 1989 and ...

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