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Food prices rise third straight month in AprilGlobal food prices rose in April for a third straight month as surging dairy costs kept upward pressure on the United Nations food agency's index, but cereal output is expected to be strong this year. Food prices spiked during 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 beverage market on 8pc annual growthThe Saudi Arabian beverage market is growing at an annual rate of over eight per cent, with each household buying an average of eleven various beverage categories, according to a market research expert. “Cold beverages 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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NatGeo to feature Almarai in top TV seriesNational Geographic Abu Dhabi, the Middle East’s leading factual entertainment television channel, will focus on Almarai, the world’s integrated dairy company, in its first Megafactories episode on September 17. Megafactorie More… |
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World food prices fall in May: FAOWorld food prices dropped in May for a second month in a row, hit by steep falls in dairy products, sugar and other commodities, and are likely to fall further in the coming months, the UN Food and Agriculture Organisation (FAO) said on Thursday. More… |
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Almarai in $4.2bn, 5-year investment planSaudi Arabian dairy and food producer Almarai's board has approved a 15.7-billion riyal ($4.2 billion), five-year investment plan that will draw on finance from bank loans and Islamic bonds, it said on Tuesday. The money will replace t More… |
