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Halwani Bros

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uuid0005u6b

Namestring
Halwani Bros
Legal namestring
Halwani Bros Co. Ltd.
Websiteurl
halwani.com.sa
Company typeenum
Public
Founded yearint
1950
Descriptiontext

Halwani Bros Co. Ltd. is a Saudi Arabian food manufacturer and distributor founded in 1950 in Jeddah and listed on the Saudi Exchange (Tadawul) under ticker 6001. The company produces four core product categories — Tahina (sesame paste), Halawa (traditional Middle Eastern confectionery), Jam, and processed meat — and in June 2025 extended its flagship Halawa franchise with the Semsema Halawa Spread line in four flavors (Cranberry, Pistachio, Chocolate, Halwani's Recipe). Operations span Saudi Arabia and Egypt, with wholly owned manufacturing facilities in Jeddah and the 10th of Ramadan industrial zone in Egypt, under sub-brands including Halwani KSA, Halwani Bros Egypt, and HB World Wide.

The company serves two distinct customer segments: retail consumers purchasing through supermarkets and grocery chains, and HoReCa (Hotel, Restaurant, Catering) institutional buyers through a dedicated food-service division with its own product and contact pages per country. Revenue mechanics are straightforward wholesale CPG distribution; pricing is not publicly disclosed. FY2025 sales revenue was SAR 903.87 million with net profit of SAR 42.61 million, and H1 2025 net profit grew 29.4% year-over-year on shareholders' equity of SAR 304.47 million (up 17.9%). Q1 2026 revenue reached SAR 245.5 million with net income of SAR 15.4 million (up 34% year-over-year) and a profit margin of 6.3%, expanded from 4.8% a year earlier, signaling margin recovery alongside scale.

The company is publicly traded with dispersed share ownership, no controlling parent, and a 501–1,000 employee base. Recent corporate actions include a CEO transition in October 2025 (Mohamed Samir Abdelfattah replacing Sakhr Asaad Jamjoom) and two consecutive working-capital debt facilities — a 2023 Al Rajhi Bank loan and a February 2026 Sharia-compliant SAR 100 million facility from Emirates NBD Saudi Arabia. There is no disclosed AI, software, or platform technology component; the operating model is conventional branded food manufacturing with traditional retail and B2B food-service distribution.

Short descriptiontext

Halwani Bros is a publicly listed Saudi food manufacturer and distributor founded in 1950, producing Tahina, Halawa, Jam, and processed meat across Saudi Arabia and Egypt for retail consumers and HoReCa food-service customers.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersJeddah, Saudi Arabia
HQ citystring
Jeddah
HQ countrystring
Saudi Arabia
HQ regionstring
Middle East
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
food manufacturing, Middle Eastern foods, sesame paste products, halawa confectionery, processed meats
Industry3 codes
1Religious & Cultural Foods Wholesale (Halal, Kosher, etc.)
CodeAFAIAIAIPrimaryYes
2Export & Private-Label Certified Production (Halal/Kosher)
CodeAFANAIAOPrimaryNo
3Ethnic Meat, Poultry & Seafood Wholesale
CodeAFAIAIACPrimaryNo
NAICS code2 codes
  • Food Manufacturing311
  • Sugar and Confectionery Product Manufacturing3113
SIC code4 codes
  • Food And Kindred Products2000
  • Sugar & Confectionery Products2060
  • Canned, Frozen & Preservd Fruit, Veg & Food Specialties2030
  • Miscellaneous Food Preparations & Kindred Products2090
Product category
Food Manufacturing
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Food Product Sales
TypeHardware Sales
Description

Halwani Bros generates revenue primarily through manufacturing and selling food products including Tahina, Halawa, Jam, and Meat products to retail consumers and institutional customers (HoReCa) across Saudi Arabia and Egypt markets.

zawya.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
GTM typeB2B and B2C
B2B and B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 3 records shown
1Semsema
Description

Halawa spread available in four flavors: Cranberry, Pistachio, Chocolate, and Halwani's Recipe

halwani.com
+2 more records
Core offering1 text field

Halwani Bros manufactures and distributes traditional Middle Eastern food products including Tahina (sesame paste), Halawa (confectionery), Jam (fruit preserves), and Meat products. The company serves retail consumers through supermarkets and grocery chains, and operates a dedicated HoReCa (Hotel, Restaurant, Catering) food service division primarily in Egypt. Most recent product extension is the Semsema Halawa Spread, launched in four flavors.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Halwani Bros is a Saudi Arabian food manufacturing and distribution company founded in 1950 in Jeddah. The company's core product portfolio consists of four main categories: Tahina (sesame paste), Halawa (traditional confectionery), Jam (fruit preserves), and Meat products. The company operates across Saudi Arabia and Egypt, serving both retail consumers and B2B food service/hospitality segments. Recent product innovation includes the Semsema Halawa Spread, a premium halawa-based spread extension available in four flavors (Cranberry, Pistachio, Chocolate, and Halwani's Recipe).

Product and service6 records
1Tahina
CategoryCore Food Product
Description

Traditional sesame paste spread manufactured and distributed as one of Halwani Bros' flagship food products for retail consumers and food service operators across Saudi Arabia and Egypt.

2Halawa
CategoryCore Food Product
Description

Traditional Middle Eastern confectionery manufactured and distributed as a flagship Halwani Bros product for retail and food service buyers.

3Jam
CategoryCore Food Product
Description

Fruit preserves and jam products manufactured and distributed by Halwani Bros as part of its food portfolio for retail consumers.

4Meat Products
CategoryCore Food Product
Description

Fresh and processed meat offerings manufactured and distributed by Halwani Bros as part of its food portfolio for retail and food service customers.

5Semsema Halawa Spread
CategoryPremium Food Product
Description

Premium halawa-based spread product line extension available in four flavors (Cranberry, Pistachio, Chocolate, Halwani's Recipe) targeted at retail consumers looking for innovative Middle Eastern spread options.

6Food Service (HoReCa)
CategoryB2B Food Service
Description

B2B food service offering supplying hotels, restaurants, and catering operators in Egypt with Halwani Bros' manufactured food products for use in their food service operations.

Scale indicator9 records

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Saudi food manufacturer specializing in traditional Middle Eastern sweets, confectionery, and bakery products. Highly comparable to Halwani Bros as a direct competitor in Halawa, Tahina, and related traditional categories in the Saudi market.

TypeBroad incumbent
Description

Largest vertically integrated dairy and food company in the Middle East, listed on Tadawul. Comparable as a large-scale Saudi food manufacturer with multi-category portfolio and similar distribution reach across KSA and the wider MENA region.

TypeBroad incumbent
Description

Saudi food conglomerate operating across edible oils, sugar, pasta, and processed foods with regional manufacturing footprint. Comparable as a publicly listed Saudi food manufacturer with diversified branded food portfolio.

TypeRegional player
Description

Saudi poultry and processed meat producer listed on Tadawul. Comparable to Halwani's meat product line and as a fellow Saudi-listed branded protein manufacturer serving retail and HoReCa channels.

TypeDirect peer
Description

One of the largest halal meat processors in the Middle East with operations spanning India, Saudi Arabia, UAE, and Egypt. Comparable to Halwani as a competitor in halal processed meat with multi-country manufacturing presence.

TypeBroad incumbent
Description

Saudi food and dairy company listed on Tadawul, producing dairy, juices, and food products. Comparable as a publicly listed Saudi food manufacturer with overlapping retail distribution channels and Middle East market focus.

TypeRegional player
Description

Egyptian packaged snacks and bakery company listed on the Egyptian Exchange, producing cakes, wafers, rusks, and confectionery. Comparable to Halwani's Egyptian subsidiary as a branded packaged food manufacturer serving the same Egyptian retail and HoReCa channels.

TypeRegional player
Description

Leading Egyptian dairy and juice producer listed on the Egyptian Exchange. Comparable to Halwani Egypt operations as a major branded Egyptian packaged food manufacturer with overlapping retail distribution and HoReCa channels.

TypeDirect peer
Description

Saudi food company specializing in processed meat and related Middle Eastern protein products. Comparable to Halwani's meat category as a direct competitor in branded halal meat products for Saudi retail and food service.

10Americana Group
TypeBroad incumbent
Description

One of the largest foodservice operators and processed food manufacturers in the Middle East and North Africa. Comparable to Halwani as a regional branded food manufacturer with overlapping HoReCa customer base across Saudi Arabia and Egypt.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors2 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Halwani Bros

Food Manufacturinghalwani.com.sa

Halwani Bros is a publicly listed Saudi food manufacturer and distributor founded in 1950, producing Tahina, Halawa, Jam, and processed meat across Saudi Arabia and Egypt for retail consumers and HoReCa food-service customers.

What Halwani Bros does

Halwani Bros Co. Ltd. is a Saudi Arabian food manufacturer and distributor founded in 1950 in Jeddah and listed on the Saudi Exchange (Tadawul) under ticker 6001. The company produces four core product categories — Tahina (sesame paste), Halawa (traditional Middle Eastern confectionery), Jam, and processed meat — and in June 2025 extended its flagship Halawa franchise with the Semsema Halawa Spread line in four flavors (Cranberry, Pistachio, Chocolate, Halwani's Recipe). Operations span Saudi Arabia and Egypt, with wholly owned manufacturing facilities in Jeddah and the 10th of Ramadan industrial zone in Egypt, under sub-brands including Halwani KSA, Halwani Bros Egypt, and HB World Wide.

The company serves two distinct customer segments: retail consumers purchasing through supermarkets and grocery chains, and HoReCa (Hotel, Restaurant, Catering) institutional buyers through a dedicated food-service division with its own product and contact pages per country. Revenue mechanics are straightforward wholesale CPG distribution; pricing is not publicly disclosed. FY2025 sales revenue was SAR 903.87 million with net profit of SAR 42.61 million, and H1 2025 net profit grew 29.4% year-over-year on shareholders' equity of SAR 304.47 million (up 17.9%). Q1 2026 revenue reached SAR 245.5 million with net income of SAR 15.4 million (up 34% year-over-year) and a profit margin of 6.3%, expanded from 4.8% a year earlier, signaling margin recovery alongside scale.

The company is publicly traded with dispersed share ownership, no controlling parent, and a 501–1,000 employee base. Recent corporate actions include a CEO transition in October 2025 (Mohamed Samir Abdelfattah replacing Sakhr Asaad Jamjoom) and two consecutive working-capital debt facilities — a 2023 Al Rajhi Bank loan and a February 2026 Sharia-compliant SAR 100 million facility from Emirates NBD Saudi Arabia. There is no disclosed AI, software, or platform technology component; the operating model is conventional branded food manufacturing with traditional retail and B2B food-service distribution.

Halwani Bros firmographics

Firmographics
Name
Halwani Bros
Legal name
Halwani Bros Co. Ltd.
Website
https://halwani.com.sa
Company type
Public
Founded year
1950
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Halwani Bros is a publicly listed Saudi food manufacturer and distributor founded in 1950, producing Tahina, Halawa, Jam, and processed meat across Saudi Arabia and Egypt for retail consumers and HoReCa food-service customers.
Ownership category
akta.pro rank

Halwani Bros industry classification

Industry
Product category
Food Manufacturing
NAICS
Food Manufacturing (311), Sugar and Confectionery Product Manufacturing (3113)
SIC
Food And Kindred Products (2000), Sugar & Confectionery Products (2060), Canned, Frozen & Preservd Fruit, Veg & Food Specialties (2030), Miscellaneous Food Preparations & Kindred Products (2090)
akta.pro primary industry
Religious & Cultural Foods Wholesale (Halal, Kosher, etc.) (AFAIAIAI)
akta.pro secondary industries
Export & Private-Label Certified Production (Halal/Kosher) (AFANAIAO), Ethnic Meat, Poultry & Seafood Wholesale (AFAIAIAC)

Keywords

  • Food manufacturing
  • Middle Eastern foods
  • Sesame paste products
  • Halawa confectionery
  • Processed meats

Where Halwani Bros is headquartered

Location

Headquarters

HQ city
Jeddah
HQ country
Saudi Arabia
HQ region
Middle East

Offices2 records

Markets served

Halwani Bros business model

Business model
GTM type
B2B and B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

  1. Food Product Sales: Halwani Bros generates revenue primarily through manufacturing and selling food products including Tahina, Halawa, Jam, and Meat products to retail consumers and institutional customers (HoReCa) across Saudi Arabia and Egypt markets.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Halwani Bros product offering

Product offering

Core offering

Halwani Bros manufactures and distributes traditional Middle Eastern food products including Tahina (sesame paste), Halawa (confectionery), Jam (fruit preserves), and Meat products. The company serves retail consumers through supermarkets and grocery chains, and operates a dedicated HoReCa (Hotel, Restaurant, Catering) food service division primarily in Egypt. Most recent product extension is the Semsema Halawa Spread, launched in four flavors.

Product overview

Halwani Bros is a Saudi Arabian food manufacturing and distribution company founded in 1950 in Jeddah. The company's core product portfolio consists of four main categories: Tahina (sesame paste), Halawa (traditional confectionery), Jam (fruit preserves), and Meat products. The company operates across Saudi Arabia and Egypt, serving both retail consumers and B2B food service/hospitality segments. Recent product innovation includes the Semsema Halawa Spread, a premium halawa-based spread extension available in four flavors (Cranberry, Pistachio, Chocolate, and Halwani's Recipe).

Differentiator

Problem solved

Functional benefit

Brands

  • Semsema: Halawa spread available in four flavors: Cranberry, Pistachio, Chocolate, and Halwani's Recipe
  • Halwani KSA
  • HB World Wide

Products and services

  • Tahina Traditional sesame paste spread manufactured and distributed as one of Halwani Bros' flagship food products for retail consumers and food service operators across Saudi Arabia and Egypt.
  • Halawa Traditional Middle Eastern confectionery manufactured and distributed as a flagship Halwani Bros product for retail and food service buyers.
  • Jam Fruit preserves and jam products manufactured and distributed by Halwani Bros as part of its food portfolio for retail consumers.
  • Meat Products Fresh and processed meat offerings manufactured and distributed by Halwani Bros as part of its food portfolio for retail and food service customers.
  • Semsema Halawa Spread Premium halawa-based spread product line extension available in four flavors (Cranberry, Pistachio, Chocolate, Halwani's Recipe) targeted at retail consumers looking for innovative Middle Eastern spread options.
  • Food Service (HoReCa) B2B food service offering supplying hotels, restaurants, and catering operators in Egypt with Halwani Bros' manufactured food products for use in their food service operations.

Companies that use Halwani Bros

Customer profile

Segments2 records

Ideal customer profiles2 records

Halwani Bros technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Halwani Bros partnerships and signals

Strategic signal

Scale indicators9 records

Recent moves5 records

Expansion highlights4 records

Halwani Bros competitors and assessment

Company assessment

Direct peers

  • Sunbulah Group: Saudi food manufacturer specializing in traditional Middle Eastern sweets, confectionery, and bakery products. Highly comparable to Halwani Bros as a direct competitor in Halawa, Tahina, and related traditional categories in the Saudi market.
  • Al Kabeer Group: One of the largest halal meat processors in the Middle East with operations spanning India, Saudi Arabia, UAE, and Egypt. Comparable to Halwani as a competitor in halal processed meat with multi-country manufacturing presence.
  • Basateen (Arabian Food & Dairy Products): Saudi food company specializing in processed meat and related Middle Eastern protein products. Comparable to Halwani's meat category as a direct competitor in branded halal meat products for Saudi retail and food service.

Broad incumbents

  • Almarai Company: Largest vertically integrated dairy and food company in the Middle East, listed on Tadawul. Comparable as a large-scale Saudi food manufacturer with multi-category portfolio and similar distribution reach across KSA and the wider MENA region.
  • Savola Group: Saudi food conglomerate operating across edible oils, sugar, pasta, and processed foods with regional manufacturing footprint. Comparable as a publicly listed Saudi food manufacturer with diversified branded food portfolio.
  • NADEC (National Agricultural Development Company): Saudi food and dairy company listed on Tadawul, producing dairy, juices, and food products. Comparable as a publicly listed Saudi food manufacturer with overlapping retail distribution channels and Middle East market focus.
  • Americana Group: One of the largest foodservice operators and processed food manufacturers in the Middle East and North Africa. Comparable to Halwani as a regional branded food manufacturer with overlapping HoReCa customer base across Saudi Arabia and Egypt.

Regional players

  • Tanmiah Food Company: Saudi poultry and processed meat producer listed on Tadawul. Comparable to Halwani's meat product line and as a fellow Saudi-listed branded protein manufacturer serving retail and HoReCa channels.
  • Edita Food Industries: Egyptian packaged snacks and bakery company listed on the Egyptian Exchange, producing cakes, wafers, rusks, and confectionery. Comparable to Halwani's Egyptian subsidiary as a branded packaged food manufacturer serving the same Egyptian retail and HoReCa channels.
  • Juhayna Food Industries: Leading Egyptian dairy and juice producer listed on the Egyptian Exchange. Comparable to Halwani Egypt operations as a major branded Egyptian packaged food manufacturer with overlapping retail distribution and HoReCa channels.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Halwani Bros social profiles

Digital presence

Halwani Bros financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Halwani Bros leadership team

Management profile

Number of profiles

Profiles1 record

Halwani Bros subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Halwani Bros funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Halwani Bros M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Halwani Bros

What does Halwani Bros do?

Halwani Bros manufactures and distributes traditional Middle Eastern food products including Tahina (sesame paste), Halawa (confectionery), Jam (fruit preserves), and Meat products. The company serves retail consumers through supermarkets and grocery chains, and operates a dedicated HoReCa (Hotel, Restaurant, Catering) food service division primarily in Egypt. Most recent product extension is the Semsema Halawa Spread, launched in four flavors.

Is Halwani Bros a public or private company?

Halwani Bros is a public company. It is classified as public and is currently operating.

When was Halwani Bros founded?

Halwani Bros was founded in 1950. It employs 501 to 1,000 people.

Where is Halwani Bros based?

Halwani Bros is headquartered in Jeddah, Saudi Arabia, in the Middle East region.

How does Halwani Bros make money?

One revenue line is on record: food Product Sales.

Who are Halwani Bros's main competitors?

Direct peers on record are Sunbulah Group, Al Kabeer Group and Basateen (Arabian Food & Dairy Products). Broad incumbents are Almarai Company, Savola Group, NADEC (National Agricultural Development Company) and Americana Group. Regional players are Tanmiah Food Company, Edita Food Industries and Juhayna Food Industries.

Does Halwani Bros have an API?

No public API is recorded for Halwani Bros.

What industry is Halwani Bros in?

Halwani Bros's product category is Food Manufacturing. Its primary akta.pro industry code is AFAIAIAI, Religious & Cultural Foods Wholesale (Halal, Kosher, etc.), with a secondary code of AFANAIAO, Export & Private-Label Certified Production (Halal/Kosher). Its NAICS code is 311 and its SIC code is 2000.

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Live signals
SahmcapitalHalwani Bros. Reports SAR 26.88M Net Profit in the Six Months 2026Halwani Bros. Co. announced interim financial results for H1 2026 showing net profit attributable to shareholders of SAR 26.88 million, representing a 92.826% year-on-year increase from SAR 13.94 million in the prior year period. Revenue grew modestly by 1.288% to SAR 457.48 million, with the profit surge driven by improved operational efficiency, lower raw material costs, a 39% reduction in financing expenses, and other income from reversal of provisions. Quarter-on-quarter performance declined due to seasonal demand softness, with net profit falling 25.567% to SAR 11.47 million from SAR 15.41 million in Q1 2026.Simply Wall StHalwani Bros (SASE:6001)Halwani Bros Co. Ltd. reported first quarter 2026 earnings with EPS of SAR 0.44, up 33% from SAR 0.33 in Q1 2025, while revenue increased 3.2% to SAR 245.5 million and net income rose 34% to SAR 15.4 million, driving profit margin expansion to 6.3% from 4.8%. The company faces a significant disconnect between its strong earnings growth and declining share price, which has fallen 30.43% over the past year and 53.79% over three years despite EPS growth of 89% per year over the same period. The company also faces a major financial risk with net interest coverage of only 2.8x, flagging potential concerns about its ability to service debt.ArgaamHalwani Bros. signs SAR 100M credit facility deal with Emirates NBDHalwani Bros. Co. signed a Shariah-compliant credit facility agreement worth SAR 100 million with Emirates NBD - KSA. The one-year renewable facility, secured by a promissory note for the total amount, is intended to finance working capital requirements. No related parties are involved in the deal, according to a Tadawul stock exchange filing.SaudistandardHalwani Bros. H1 2025 Profit Rises 29% Despite Sales, Margin PressureHalwani Bros. Co. reported a 29.4% increase in net profit to SAR 13.94 million for H1 2025, driven by cost controls and reversed provisions, despite a 6.6% revenue decline to SAR 451.66 million due to foreign exchange losses in Egypt and lower domestic sales in Saudi Arabia. Q2 2025 profit dropped sharply by 84.1% to SAR 2.44 million as aggressive discounting in Egypt and higher marketing expenses weighed on results, while gross profit fell 13.1% to SAR 127.67 million for the half. The company highlighted a 17.9% rise in shareholders' equity to SAR 304.47 million and improved earnings per share of SAR 0.39 as signs of balance sheet resilience amid ongoing margin pressure.Mubasher InfoKnowledge Economic City, Halwani Bros secure credit facility from Al Rajhi BankKnowledge Economic City and Halwani Bros secured a combined SAR 353 million credit facility from Al Rajhi Bank on September 17, 2023. The funds are designated for project execution, working capital, and the renewal of existing Sharia-compliant financing agreements. Knowledge Economic City reported a 31.03% reduction in net losses for the first half of 2023 compared to the previous year.ArabnewsSaudi Arabia’s Halwani Bros posts 65% decline in profits as inflation bitesSaudi food manufacturer Halwani Bros reported a 65% decline in profits for the first half of the year, primarily due to increased costs from global inflation. The company's net profit dropped to SR18 million from SR52 million compared to the previous year.