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Almarai plans bonus issue to boost capitalSaudi dairy firm Almarai wants to raise its capital by 50 percent to 6 billion Saudi riyals ($1.6 billion) through the distribution of a bonus share for every two shares already held, it said in a bourse statemen More… |
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Saudi Almarai eyes $500m sukuk saleSaudi Arabian dairy producer Almarai Co plans to raise at least $500 million from the sale of a debut international Islamic bond to help to finance ambitious growth plans, a senior executive said More… |
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Saudi Almarai Q1 net profit grows 5pcSaudi Arabian dairy producer Almarai Company said its first quarter net profit was SR255 million ($68 million), a 5.4 per cent rise over the same quarter of 2012 but a 30.9 per cent drop from the previous quarter. The company said More… |
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Almarai sells $347m Islamic bondSaudi Arabian dairy and food producer Almarai Co has completed the sale of a SR1.3 billion ($346.7 million) Islamic bond, or sukuk, the company said in a bourse filing on Monday. The issue, which has a floating interest rate, attr More… |
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Saudi group to buy top EU farm producerSaudi-based United Farmers Holding Company (UFHC) is set to buy out Continental Farmers Group (CFG), a top European agricultural producer in a deal valued at SR350 million ($93.3 million), said the company's founding shareholder Almarai. More… |
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Almarai Q4 net profit surges 29.2pcSaudi Arabian dairy and food producer Almarai Company posted a 29.2 per cent rise in its fourth-quarter net profit, beating analyst forecasts, the firm said in a bourse statement on Saturday. Almarai made a net profit of SR369 mil More… |
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MediaVest retains key Almarai accountLeading media agency MediaVest Saudi Arabia has retained the Almarai account after a competitive pitch for media buying and planning services in the GCC, said a top official. “We are thrilled and excited to continue working More… |
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Almarai to issue private sukukSaudi Arabian dairy and food producer Almarai Co plans to issue the second tranche of a riyal-denominated Islamic bond programme in the coming months to private investors, the company said in a bourse on Monday. &n More… |
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Savola ups stake in Almarai to 36.5pcSaudi-based Savola Group has raised its stake in fellow Saudi food firm Almarai Company to 36.5 per cent by purchasing shares worth 2 billion riyals ($533 million), Savola said in a statement on Wednesday. The purchase, which incr More… |
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Almarai Q3 profit up 4.7pc to $120mSaudi Arabian dairy and food producer Almarai Co posted a 4.7-percent rise in quarterly net profit on Monday but fell short of analysts' forecasts as higher commodity prices and expansion costs ate into earnings. More… |
