Follow-ups -eshrag News:
RIYADH: Kuwait’s Mezzan Foods Co. has denied it plans to increase prices in Saudi Arabia after its chief financial officer said there could be a 30 percent rise for some goods.
The company issued the clarification after Nabil Ben Ayed said in a television interview that Mezzan was considering the hike for food products in order to beat high input costs.
The manufacturer instead plans to decrease the prices of its consumer-oriented products in Saudi Arabia in order to enhance customer satisfaction, according to a statement.
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