RIYADH, Saudi Arabia, December 20, 2022 /PRNewswire/ — Al Hassan Ghazi Ibrahim Shaker Co. (“Shaker”, “Group” or “Company”), Saudi Arabia LG Electronics (“LG”), a leading importer, manufacturer and distributor of air conditioners and home appliances, has expanded its long-term strategic partnership with a new supply agreement to include home appliances and home entertainment products such as televisions, refrigerators, washing machines, dryers and mugs. dishwashers, microwave ovens, etc. – for the Saudi Arabian market.
The new supply contract will come into force from January 1, 2023 and enables Shaker to offer a full range of LG products equipped with the latest technology designed to meet the evolving needs and values of consumers, further expanding its comprehensive retail and e-commerce services across the 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.
Mr. Mohammed Ibrahim Abunaiyan, CEO of Shaker Group, said:
“This new supply agreement with LG continues to support our joint ambitious growth plan to develop local talent in the Kingdom, optimize local technology and deliver innovative products that meet consumer needs and is a key milestone in our long-term partnership. is a major step in expanding Shaker’s portfolio to meet the growing demand for high quality home appliances and home entertainment products in our country. Saudi Arabia. Most importantly, our collective approach to offering energy-efficient products and increasing local content aligns with Kingdom’s vision and journey towards net zero.”
Shaker has a unique joint venture with LG for over 20 years as the sole distributor of LG air conditioners. Saudi Arabia. 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.
Shaker was founded in 1950 and is one of the pioneers Saudi Arabia Introduction of 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. Saudi Arabiaand sole distributor of LG Air Conditioners 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/
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