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Almarai sees poultry paying off in 2012Saudi-based Almarai expects a SR2 billion ($533.3 million) investment plan in poultry business to start paying off in 2012, the firm said on Tuesday. 'These investments will be self-financed,' Almarai said in a statement posted on More… |
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Top Almarai shareholders' stakes fall after takeoverThe two biggest shareholders in Saudi dairy firm Almarai Co saw their stakes in the firm fall by a combined 3 per cent after it completed a $253.2 million takeover of a local listed firm. Official stock exchange data showed that Prince Sul More… |
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Almarai completes Hadco's takeoverSaudi Arabia based Almarai said on Saturday it had completed a takeover of Hail Agricultural Development Co (Hadco), which will allow the firm entry into the lucrative poultry business. The $253.2 million cash and stock takeover bid More… |
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Saudi approves Almarai's $253.2m bid for HadcoSaudi-based Almarai's $253.2 million cash and stock bid for Hail Agricultural Development Company (Hadco) has obtained regulatory approval, leaving the merger's fate up to the shareholders. A conclusive end to the bid, which was in More… |
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Almarai says raises capital by 37.6pcSaudi-based Almarai will raise its capital by 37.6 per cent, increasing Hail Agricultural Development's (Hadco) stake by 6 million shares, a bourse statement said on Wednesday. Almarai, the Gulf's largest dairy firm, had offered in July to More… |
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Almarai to take over poultry firm HadcoSaudi-based dairy firm Almarai Co. said on Wednesday it has reached an agreement to buy all shares in Hail Agricultural Development Co (Hadco), moving into the lucrative Saudi poultry business. Almarai, which is the Gulf's largest dairy fi More… |
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Almarai, Hadco in share swap dealSaudi Arabia's Almarai Company, the Gulf's largest dairy company, and Hail Agricultural Development (Hadco) said on Saturday they had agreed on a share swap deal. Hadco shareholders will receive one share in Almarai in exchange for five sh More… |
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Interview: Hadco eyes Turkey, KazakhstanSaudi Arabia's Hail Agricultural Development Co (Hadco) is looking at investing in Turkey and Kazakhstan after moving into Sudan under a government plan to ensure steady food imports. Hadco plans to invest about $45.3 million in the ne More… |
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Saudi firm invests in Sudan farmingSaudi private sector company Hail Agricultural Development Co (Hadco) has picked Sudan for its first investment in farming abroad under a Saudi government scheme to ensure steady food imports, it said. Hadco has recently acquired farming l More… |
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Almarai seeks share swap in Hadco takeoverSaudi Arabia's Almarai Company, the Gulf's largest dairy firm by market value, said on Saturday it had offered to take over local Hail Agricultural Development Company (Hadco) through a share-swap deal. Almarai is offering Hadco More… |
