Saturday 25 October 2014
 
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Almarai Q3 profit rises 13.4pc to $143m

Saudi Arabia's Almarai, the Gulf's largest dairy company, reported a 13.4 per cent increase in third-quarter net profit on Sunday, slightly beating analysts' forecasts as sales rose. Almarai made a profit of SR539.4 mi

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Almarai Q3 profit rises 13.4pc to $143m

Saudi Arabia's Almarai, the Gulf's largest dairy company, reported a 13.4 per cent increase in third-quarter net profit on Sunday, slightly beating analysts' forecasts as sales rose. Almarai made a profit of SR539.4 mi

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Hassad Food kicks off investment in Turkey

Qatar-based Hassad Food, a leading global investor in the agriculture and livestock sectors, has initiated an investment plan covering poultry, meat and dairy in Turkey. Nasser Al Hajri, chairman and managing director of Hassad Fo

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Al Rawabi launches new fresh milk product

The UAE’s leading dairy company, Al Rawabi, said it has launched Super Milk, the country’s first fresh milk product that includes five added vitamins and nutrients (A, D, E, calcium and folic acid), specifically targeted at addressin

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Almarai profit up 7.3pc to $73m in Q1

Saudi Arabia's Almarai Co said on Sunday its first-quarter profit rose 7.3 percent, missing analysts' estimates despite higher sales and a one-off gain from an acquisition. Almarai made a net profit of 273.6 million riyals

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Boom time for Saudi dairy sector

The dairy sector is projected to expand on the back of increasing population growth and changing consumption patterns due to rapid urbanization, according to a report. The government has been very supportive of this industry given

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Abraaj acquires majority stake in Turkish dairy

The Abraaj Group, a leading investor, has acquired through its fund a majority stake in Yörsan Group, a leading Turkish manufacturer and distributor of high quality dairy products. The acquisition was made in partnership with

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Almarai sets guidance on $453m hybrid sukuk

Saudi Arabian dairy firm Almarai Company has set guidance of 200 basis points over six-month Libor on a planned SR1.7 billion ($453.2 million) Tier 1 hybrid sukuk, a banker said. The company completed two-week roadshows last Frida

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Almarai shareholders approve 50pc capital hike

Saudi Arabia's Almarai has received shareholder approval to increase its capital by 50 per cent to SR6 billion ($1.60 billion), the dairy firm said in a statement on Tuesday. The company will increase the number shares to 600

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Almarai shareholders approve 50pc capital hike

Saudi Arabia's Almarai has received shareholder approval to increase its capital by 50 per cent to SR6 billion ($1.60 billion), the dairy firm said in a statement on Tuesday. The company will increase the number shares to 600

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