The objective of this conference was to define a blueprint for accelerated growth in the region. The regional expansion strategy will be unveiled at a regional conference later this month.
Senior HBG managers from various international territories were invited to the Movenpick Dead Sea Resort in Jordan for the Summit. The serene Dead Sea provided the perfect backdrop for the conference where the main topics of discussion centered on defining a unified brand strategy for the HBG Holdings Group, exploring joint ventures in strategic locations and most importantly defining a plan to accelerate growth for the group in the region.
Speaking at the Summit Mr. Imtiaz Hydari, Chief Executive Officer of HBG Holdings said " We are now on a high growth trajectory spurred by our overwhelming success with Spinneys Jordan and are now in the process of defining a strategy to expand our asset base in the FMCG manufacturing and distribution businesses. The FMCG distribution industry is expanding at an amazing pace. We want to ride the wave by injecting fresh expertise and momentum into existing FMCG distribution businesses through our extensive experience in that specific area."
HBG acquired Spinneys Jordan in the summer of 2004 and has since turned it around, converting its net loss on sales of US$23 million at the end of 2003 into projected sales of US$ 50 million in 2005 cushioned with a healthy profit.
Browse
related articles
HBG Holdings holds a Senior Management Strategy Summit
- United Arab Emirates: Tuesday, May 17 - 2005 at 13:30
- PRESS RELEASE
HBG Holdings, the Dubai-headquartered, consumer products group, organized a Regional Management Strategy Summit for 30 of its senior level managers from its territories extending from Pakistan to Jordan.
Related stories
Also consider reading:
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
Today's most read articles:
Log in to request more information from HBG Holdings
Notes and media contacts
About HBGHBG Holdings Limited is a privately-owned, Dubai-headquartered, consumer products group, formed in 2004. Its shareholders comprise a number of leading expatriate and UAE businessmen, all of whom have extensive Middle East experience.
The company, which specializes in the fields of distribution, manufacturing and retailing across the Middle East and South Asia region (MESA), has an equity value of over US$45 million (as of March 2005). Further equity commitments will be sought over the next 24 months through current and new shareholders, in order to fund a dynamic regional expansion programme.
Headed by Imtiaz H. Hydari (Group CEO), a renowned businessman with a successful regional track record of managing conglomerates, HBG employs more than 350 people in offices in Amman, Muscat, Aqaba, Lahore, Dubai, Doha and Karachi. A large proportion of these are nationals of the countries in which the company is operating. This workforce is expected to grow rapidly in line with HBG's expansive growth policy.
The company's overriding plan is to make strategic investments in exciting FMCG companies and/or brands and play an active role in building operations or products into market leaders across the region.
Contact Details
HBG Holdings
Sheikh Zayed Road, Al Moosa Tower II,
25th Floor, Suite 2502,
P O Box 113341, Dubai, United Arab Emirates
Tel: + 971 4 3314133 Fax + 971 4 3314134
For media enquiries contact:
Lovetto Nazareth
Four Middle East
Office 57, Building 8, Dubai Media City
P O Box 502068, Dubai, United Arab Emirates
Tel: +971 4 362 5130 (office) Tel: +971 50 5087035 (mobile)
web site: www.fourmiddleeast.com
Posted by Anne-Birte Stensgaard, Senior News EditorTuesday, May 17 - 2005 at 13:30 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
It looks like you are using a Mac - check out our 
Web Feeds