Dubai – MENA Herald: PepsiCo, one of the world’s leading food and beverage companies, Mawarid Food Company and MEED Trading Company, today announced the official renewal of their partnership agreement for ten additional years till 2025.
Under the terms of the partnership, PepsiCo will continue to be the preferred beverage supplier to Mawarid restaurants and Meed convenience stores, including Pizza Hut in Saudi Arabia and Morocco; Taco Bell, Meed Convenience Stores and Meed Express vending operations in Saudi Arabia.
To celebrate this continued partnership, Sanjeev Chadha, PepsiCo’s CEO for Asia Middle East Africa and North Africa and Samir Abdulhadi, Managing Director, Mawarid Distribution and Trading Group, held a signing ceremony in Saudi Arabia with the presence of senior representatives from both companies.
Commenting on the renewal, Sanjeev Chadha, PepsiCo’s CEO for Asia Middle East and North Africa said: “We are privileged to renew our successful partnership with Mawarid and further strengthen the positive relationship the two companies share. The dynamic food and beverage market in Saudi Arabia and the Middle East region is critical to PepsiCo’s overall growth and the partnership with Mawarid is a testament to our continuing commitment in this area. We look forward to this strategic alliance growing over the years.”
“It really is an honor to be partnering with one of the Kingdom’s largest and most diversified private businesses. Our journey with Mawarid has grown over the last years and we are excited to renew our working partnership, as I am sure that new and exciting opportunities will open up for all of us,” commented Omar Farid, President, PepsiCo Middle East and North Africa.
“The renewal of this agreement is nothing but a continuation of the successful and excellent relationship with PepsiCo International Company for more than twenty five years. This agreement will help our companies to expand the customer base with a permanent commitment to providing the highest level of service and providing the best quality for our products.” said Samir Abdulhadi, Managing Director, Mawarid Distribution and Trading Group
From his end, Waleed Saleh Al-Yahya, Managing Director, Mawarid Food Company commented: “As it is always Mawarid’s commitment to offer the highest possible quality products and services to consumers, this new agreement will assist us in maintaining our competitive edge and will ensure that our customers will continue receiving the best that they have become accustomed to from our company for over 26 years in Saudi Arabia.”
Mawarid Food Company, registered in the Kingdom of Saudi Arabia in January 1989, is primarily engaged in the operations of international franchised restaurants. The Company owns the territorial rights of the Pizza Hut franchisee concept in Saudi Arabia (except Jeddah within a 30 miles radius), Morocco and Tunisia. The Company also owns the territorial rights of Taco Bell concept in Saudi Arabia. The company currently operates 175 Pizza Hut outlets 2 Taco Bell restaurants in Saudi Arabia.