Bahra among fastest growing firms in Saudi
Jeddah, March 17, 2012
Bahra Cables, an affiliate of Construction Products Holding Company (CPC), has been classified as one of the top 100 fastest-growing companies in Saudi Arabia by the "Saudi Fast Growth Awards" initiative.
The “Saudi Fast Growth Awards” initiative was launched in 2008 by the Private Sector Initiatives programme of the Saudi Arabian General Investment Authority (Sagia) to assess the growth of small and medium-sized enterprises and highlight this key segment of the private sector.
Talal Idriss, chief executive officer of Bahra Cables, said: “Since its inception in 2008, Bahra Cables has adopted the latest German production systems and expertise, which have helped greatly in achieving the company’s rapid growth and production expansion aimed at meeting Saudi market and export demand.”
Idriss said the “Saudi Fast Growth Awards” initiative, while encouraging leading companies to come up with more creative ideas, also spurs the launch of a new generation of companies to ensure the growth and prosperity of the Saudi economy. The initiative honors regional enterprises owned by women and young entrepreneurs as well.
Classification of the Saudi top 100 fastest-growing companies is in two categories.
The first involves companies more than five years old, whose growth is measured based on performance and revenue in the previous three years. The second category is for companies less than five years old. – TradeArabia News Service