Riyadh, Saudi Arabia, December 20, 2022 /PRNewswire/ — Al Hassan Ghazi Ibrahim Shaker Co. (“Shaker”, the “Group” or the “Company”), of Saudi Arabia a leading importer, manufacturer and distributor of air conditioners and home appliances, has expanded its long-term strategic partnership with LG Electronics (“LG”) through a new supply agreement that will include home appliances and home entertainment products – namely televisions, refrigerators, washing machines, dryers, dishwashers, microwave ovens and more – for the Saudi market.
The new supply agreement will be effective from 01 January 2023 and enable Shaker to offer LG’s full range of products equipped with cutting-edge technology designed to meet evolving consumer needs and values, further expanding its integrated retail and e-commerce offering across the UK. In line with Shaker’s sustainability agenda, LG’s product range features innovative technologies and energy-efficient solutions that reduce carbon emission levels through product use.
Mr. Mohammed Ibrahim Abunayyan, CEO of Shaker Group, he said:
“This new supply agreement with LG is a key milestone in our long-term partnership as we continue to support our joint ambitious growth plans for the Kingdom to develop local talent, optimize local technologies and deliver innovative products that meet consumer needs . The deal is also an important step in expanding Shaker’s portfolio mix to ensure we meet the growing demand for high quality home appliances and home entertainment products in Saudi Arabia. Importantly, our joint approach to offering energy-efficient products and maximizing local content is also aligned with the Kingdom’s vision and journey towards net zero.”
Shaker has a unique joint venture with LG for more than 20 years as the sole distributor of LG air conditioners in Saudi Arabia. Over the years, the partnership has also led to the establishment of an air conditioning plant with a capacity of one million units, strengthening and improving the competitiveness of the Kingdom’s industrial sector in line with the National Industrial Strategy as part of Vision 2030’s National Industrial Development and Logistics Program.
About Shaker
Shaker was founded in 1950 and was among the first Saudi Arabia for the import of Air Conditioning & Home Appliances for Saudi consumers. Shaker is the importer and distributor of many leading international brands including Maytag, Ariston, Indesit, Midea and Bompani in Saudi Arabiaand the sole distributor of LG air conditioners in Saudi Arabia. ESCO, as a business unit of Shaker, provides Energy Solutions. Shaker has been a listed company on the Saudi Exchange (Saudi Exchange) since 2010. Over the years, Shaker has placed its name among the leading companies in Saudi Arabia, providing a range of comprehensive solutions in air conditioners and home devices in the Saudi Arabian market and the region. For more information, visit: http://www.shaker.com.sa/
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SOURCE Shaker
