Siniora Food Industries Achieved Net Profits of JD 2.775 Million (USD 3.913 Million) in the First Half of 2019, a Growth of 25% Versus Same Period 2018

Siniora CEO Majdi Al Sharif said that the company's plans along with the efforts of the executive management and the directions of the board of directors for Diamond Meat Processing Company  in Dubai were fruitful, with sales growing by 24% in the first half of 2019 compared to the same period last year, which led to a positive impact on Siniora's financial results and profits. Al Sharif added that the company achieved notable successes and considerable growth in sales since the launch of its frozen meat line in Jordan in 2016, and thus has commenced preparations to introduce the same production line in the Palestinian markets towards the last quarter of 2019. Al Sharif concluded that the company will continue to enhance its leading position and grow its market share in the local and regional levels.

Siniora CEO Majdi Al Sharif said that the company's plans along with the efforts of the executive management and the directions of the board of directors for Diamond Meat Processing Company  in Dubai were fruitful, with sales growing by 24% in the first half of 2019 compared to the same period last year, which led to a positive impact on Siniora's financial results and profits. Al Sharif added that the company achieved notable successes and considerable growth in sales since the launch of its frozen meat line in Jordan in 2016, and thus has commenced preparations to introduce the same production line in the Palestinian markets towards the last quarter of 2019. Al Sharif concluded that the company will continue to enhance its leading position and grow its market share in the local and regional levels.

About Siniora

Siniora is a pioneer in the meat manufacturing sector in the region and a market leader in the manufacture and sale of branded Siniora Al-Quds and Unium processed meat. The company was founded in Jerusalem, Palestine, in 1920, and established its factory in Jordan in 1992. Siniora acquired Diamond Meat Processing Company in Dubai in 2016. Siniora produces cold cuts and canned luncheon meat from three state-of-the-art processing plants built using the latest technologies, one located in East Jerusalem, Palestine, the second located in King Abdullah II Industrial Estate in Jordan and the third in United Arab Emirates. In 2015, Siniora's factory in Jordan launched a new production line of frozen meat products. Siniora factories in Jordan and Palestine maintain a highly-ranked international food safety certificate, the FSSC: Food Safety System Certificate 22000 (ISO/TS22002-1), which represents the adoption of the highest food security standards worldwide and is recognized by key international organizations including the European Food and Beverage Association, the American Manufacturing Association and the Global Food Safety Initiative. It also holds the Palestinian Standard Certificate in Palestine and the Halal Certificate issued by Jordanian Standards. Since 2014, Siniora factories in Jordan and Palestine have been maintaining the international certifications for Occupational Health and Safety Management Systems OHSAS 18001:2007 and Environmental Management Systems ISO14001:2004. The company markets its products through mass merchandisers, grocery stores, high-frequency stores and department stores in Jordan, Palestine, Saudi Arabia and the United Arab Emirates as well as in many other countries in the Middle East. Siniora also has distribution centers in Saudi Arabia, the United Arab Emirates and a dedicated export department covering the Gulf and the Levant. Siniora is a public shareholding company listed on the Amman Stock Exchange (ASE: SNRA).

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