Saudi Arabian dairy and food producer Almarai Company has posted an 8.7 per cent year-on-year rise in its second quarter net profit, the firm said in a bourse statement on Saturday.
Almarai made SR379.5 million ($101.2 million) in the thre
Saudi Arabia's Savola Group has signed an agreement to buy a 78 percent stake in two Egyptian firms for 557 million Egyptian Pounds ($98 million) as it expands its regional footprint in food products, it said on Tuesday. &nb
Several Saudi Arabian companies within the regional beverage industry have gained the “Qatra Award 2010” for the quality of their products at a recent beverage conference in Beirut.
The Al Rabie Saudi food Company won the award for its bes
Saudi-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
Almarai Company, Saudi Arabia's biggest listed dairy firm, is studying more acquisition opportunities in Egypt after spending $115 million last month to buy an Egyptian company, a Saudi newspaper reported on Sunday.
Saudi-based Almarai said it has agreed to buy Egyptian firm Beyti for $115 million, allowing a new joint venture with Pepsico to set foot in the Arab world's most populous nation.
Almarai agreed on Thursday to buy 100 per cent of Beyti, al
Almarai, Saudi Arabia's largest dairy company by market value, said on Sunday the cost of its purchase of 75 per cent of Jordanian dairy and beverage manufacturer Taibah would amount to $104.8 million.
The cost includes $10.6 million o
Almarai, Saudi Arabia's largest dairy company by market value, said on Wednesday it had finalised an agreement to buy 75 per cent of a Jordanian beverage firm, its first foreign acquisition.
Almarai will its own cash to finance the purchas
Saudi Arabia’s Almarai Company, the largest dairy company in the Gulf Arab region by market value, said on Saturday it has signed an initial agreement to buy an Egyptian dairy and juice manufacturer.
Almarai will sign the final deal