Saudi Arabia's Almarai, the Gulf's largest dairy company, reported an 8.8 per cent increase in second-quarter net profit on Sunday as sales rose.
Almarai made a profit of 433.3 million riyals ($115.5 million) in the three
Egypt's newly appointed investment minister Ashraf Salman said he targets $10 billion in foreign direct investment (FDI) for the coming fiscal year and $14 billion in three years.
Meanwhile Saudi Arabia's Almarai, the Gulf
Almarai, a major dairy company, has signed two agreements with Ports Development Company (PDC) to invest in the development of infrastructure and logistics operations to aid in the import of cattle and poultry feed.
The first agre
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
Saudi Arabia's Almarai, the Gulf's biggest dairy company, reported a marginal rise in fourth-quarter net profit on Sunday, in line with analyst forecasts, as higher sales were offset by the non-recurrence of a one-off gain.
Saudi Arabia's Almarai said on Sunday that its board has recommended a cash dividend of one riyal ($0.27) per share for 2013.
The total value of the distributed dividend would be SR600 million ($160 million), the company said
Saudi Arabian dairy firm Almarai reported a 5.7 per cent rise in third-quarter net profit on Sunday, missing analysts' estimates despite what the company described as "the strong performance of core dairy and juice categories".
Baker & McKenzie, a leading law firm, has advised Almarai Company on its inaugural hybrid sukuk issuance for an amount of SR1.7 billion ($453.2 million).
Almarai is a leading brand in the food and beverage sector in the Saudi
Saudi Arabian dairy producer Almarai has completed the first hybrid bond offer by a corporation in the Gulf, selling a 1.7 billion riyal ($453.2 million) Islamic bond (sukuk) on Monday, bankers said.
The issue is a perpetual 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