Tuesday 9 February 2016
 
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Almarai

Almarai Q4 profit rises 13pc, meets forecasts

Saudi Arabia's Almarai, the Gulf's largest dairy company, reported a 13 percent increase in fourth-quarter net profit on Sunday, in line with analyst estimates as sales grew faster than costs. Almarai made a profit of SR48

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Almarai buys land in California to grow fodder

Saudi Arabia's Almarai, the largest dairy company in the Gulf, has spent $31.8 million to buy land in California to supply its business with alfalfa hay, it said on Sunday. The 1,790 acres of land, acquired through Almarai'

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Almarai buys land in California to grow fodder

Saudi Arabia's Almarai, the largest dairy company in the Gulf, has spent $31.8 million to buy land in California to supply its business with alfalfa hay, it said on Sunday. The 1,790 acres of land, acquired through Almarai'

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Almarai costs to rise by $133m this year

Saudi Arabian dairy firm Almarai on Sunday said utility price increases and new crop-growing restrictions will increase its costs by SR500 million ($133.2 million) in 2016.   The government in December announced

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Almarai eyes $1.5bn stake in UAE food company

Saudi Arabian dairy firm Almarai is interested in buying a majority stake in National Food Products Company (NFPC), four sources familiar with the matter told Reuters. The Gulf's largest dairy firm, Almarai, is among several c

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Almarai announces $184m cash dividends for 2015

Saudi Arabia's Almarai said on Monday its board had recommended a cash dividend of 1.15 riyals ($0.31) per share. Almarai, the Gulf's largest dairy firm, paid a dividend of 1 riyal for 2014, according to Thomson Reuters da

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Swisslog wins major order from Almarai

Saudi Arabian food producer Almarai has commissioned Switzerland-based Swisslog to automate its distribution logistics for their operations in Al Kharj, Saudi Arabia. The value of the order is approximately €43 million ($46.2

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Almarai Q3 profit rises 10.3pc to $158.7m

Saudi Arabia's Almarai, the Gulf's largest dairy company, reported a 10.3 per cent rise in third-quarter net profit on Thursday that was slightly below estimates despite increased sales. Almarai made a profit of SR595.1 mi

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Almarai to issue $533m sukuk

Saudi Arabian dairy producer Almarai will issue a senior sukuk of up to SR2 billion ($533 million) to help finance investment plans, it said on Tuesday in a statement published on the bourse website. The sukuk will be offered to l

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Almarai to issue $533m sukuk

Saudi Arabian dairy producer Almarai will issue a senior sukuk of up to SR2 billion ($533 million) to help finance investment plans, it said on Tuesday in a statement published on the bourse website. The sukuk will be offered to l

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