RIYADH: Al-Jouf Mineral Water Bottling Co. is expected to see a 15 to 20 percent growth in demand in the current quarter, CEO Ramadan Abutaleb told CNBC Arabia.
The water bottling and beverages firm reported an 8 percent increase in profit for the first half of 2022, which, according to the executive, was driven by a rise in revenues.
Al-Jouf Water’s revenues surged by 11 percent during the six-month period to SR36 million, compared to SR33 million a year earlier.
Abutaleb pointed out that the company began exporting water to Kuwait and Jordan, noting that the market share of the firm in the northern region of Saudi Arabia exceeds 60 percent.
