Thursday 2 April 2015
 
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Almarai

Almarai plans $400m Egypt expansion

Saudi Arabia-based Almarai, one of the largest dairy food company in the world, is planning to invest $400 million in order to expand its current projects in Egypt, a report said. Almarai is also studying the possibility of acquir

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Almarai gets $67m compensation for bakery fire

Saudi Arabia's Almarai, the Gulf's largest dairy company, received SR250 million ($66.7 million) from an insurer in compensation for a fire at one of its bakeries, it said on Thursday. "This payment on account is not

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Almarai appoints new CEO

Almarai, the Gulf's largest dairy company, has appointed a new chief executive after the previous one resigned to become Saudi Arabia's agriculture minister, it said on Sunday. Georges Schorderet, previously the company

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Almarai appoints new CEO

Almarai, the Gulf's largest dairy company, has appointed a new chief executive after the previous one resigned to become Saudi Arabia's agriculture minister, it said on Sunday. Georges Schorderet, previously the company

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Almarai meets forecasts with 14pc profit rise

Saudi Arabia's Almarai, the Gulf's largest dairy company, reported a 14.7 per cent increase in fourth-quarter net profit on Sunday, in line with analyst forecasts, as sales during the quarter accelerated. Almarai made a pr

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Almarai to offer $150m cash dividend for 2014

Saudi Arabia's Almarai said on Sunday its board recommended a cash dividend of 1 riyal ($0.27) per share for 2014. Almarai, the Gulf's largest dairy firm, paid an identical dividend on 2013 earnings, according to Thomson R

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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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Saudi Almarai Q2 net profit rises 8.8pc

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

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Egypt eyes $10bn foreign investment in 2015

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

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