Qatar’s Widam, Frigo sign $27.3m agreement to supply red meat for Egypt market

Qatars’s Widam Food Company the main supplier of meat and livestock announced on Sunday the signing of QR100 million ($27.3 million) agreement to supply veal meat to the Egyptian company Frigo.

The agreement is in line with company’s strategy to expand its foreign trade activity, as it began supplying meat to Egypt, Saudi Arabia, Iraq, Oman, and Jordan.

Widam food had exported two meat shipments to Egypt in March and July, company’s statement said.

Widam’s damages fell by the end of Q1 of 2022 by 23 percent on an annual basis, supported by a 6 percent increase in revenues to QR231.6 million.

In addition to that an increase in compensation value from the government of Qatar by 26 percent to QR21 million.

Widam Food Company established in 2004 and listed on the Qatar Stock Exchange in the same year, with an authorized capital of QR180 million.