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Riyadh, Saudi Arabia: Al Hassan Ghazi Ibrahim Shaker Company (“Shaker”, “Group” or “Company”), a leading importer, manufacturer and distributor of air conditioners and home appliances in Saudi Arabia, has expanded its long-term operations. LG Electronics (“LG”) entered into a strategic partnership with LG Electronics (“LG”) under a new agreement to supply home appliances and home entertainment products such as televisions, refrigerators, washing machines, dryers, dishwashers, microwave ovens, etc. to the Saudi Arabian market.
The new supply agreement, effective January 1, 2023, will see Shaker offer a full range of LG products equipped with the latest technology to meet the evolving needs and values of consumers, as well as a full range of retail and e-commerce services. will allow for further expansion. Kingdom. In line with Shaker’s sustainability goals, LG’s product range incorporates innovative technologies and energy-efficient solutions that reduce carbon emissions through product use.
Shaker Group CEO Mr. Mohammed Ibrahim Abunaiyan said: “This new supply agreement with LG is a key milestone in our long-term partnership as we continue to support our ambitious growth plan to nurture local talent in the Kingdom, optimize local technology and deliver innovative products that meet consumer needs. The deal is a major step in expanding Shaker’s portfolio to meet Saudi Arabia’s growing demand for high-quality home appliances and home entertainment products. Most important is our collective approach to offering energy-efficient products and increasing local content too Aligns with Kingdom’s vision and journey to net zero.”
Shaker has established a unique joint venture with LG as the sole distributor of LG air conditioners in Saudi Arabia for over 20 years. In the past years, as a result of cooperation, the competitiveness of the Kingdom’s industrial sector has been improved and strengthened, and an air conditioner factory with a capacity of one million units has been established in accordance with the National Industrial Strategy within the framework of the national industrial development and logistics goals until 2030. Program.
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About Shaker
Founded in 1950, Shaker was one of the first to introduce air conditioners and home appliances for Saudi consumers. Shaker is an importer and distributor of leading international brands such as Maytag, Ariston, Indesit, Midea and Bompani in Saudi Arabia and the sole distributor of LG Air Conditioners in Saudi Arabia. ESCO provides Energy Solutions as a business unit of Shaker. Shaker has been a publicly listed company on the Saudi Stock Exchange (Saudi Exchange) since 2010. Over the years, Shaker has placed its name among the top companies in Saudi Arabia, offering comprehensive solutions for air conditioners and home appliances in Saudi Arabia. markets and regions. For more information, visit: http://www.shaker.com.sa/
For investor-related matters, please contact the following address.
Sam Ryan Siahpolo, Instinctif Partners
[email protected]
For media contact, please contact:
Joan Joseph, Instinctif Partners
[email protected]
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