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Overseas expansion plan lifts Cupid shares to a fresh yearly peak
Cupid shares touched a 52-week high after the company announced plans to set up an FMCG manufacturing facility in Saudi Arabia, boosting confidence in its global expansion strategy.
Investor interest surged in Cupid Ltd after the company announced plans to establish a new FMCG manufacturing facility in the Kingdom of Saudi Arabia. The development pushed the stock to a 52 week high, reflecting optimism around international expansion and capacity growth. Setting up a plant in Saudi Arabia is expected to strengthen Cupid’s presence in Middle Eastern markets, improve supply chain efficiency, and support long term revenue diversification. The move also aligns with broader demand trends for FMCG and wellness products in the region.