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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 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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MediaVest retains key Almarai accountLeading media agency MediaVest Saudi Arabia has retained the Almarai account after a competitive pitch for media buying and planning services in the GCC, said a top official. “We are thrilled and excited to continue working More… |
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Almarai to issue private sukukSaudi Arabian dairy and food producer Almarai Co plans to issue the second tranche of a riyal-denominated Islamic bond programme in the coming months to private investors, the company said in a bourse on Monday. &n More… |
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Savola ups stake in Almarai to 36.5pcSaudi-based Savola Group has raised its stake in fellow Saudi food firm Almarai Company to 36.5 per cent by purchasing shares worth 2 billion riyals ($533 million), Savola said in a statement on Wednesday. The purchase, which incr More… |
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Almarai Q3 profit up 4.7pc to $120mSaudi Arabian dairy and food producer Almarai Co posted a 4.7-percent rise in quarterly net profit on Monday but fell short of analysts' forecasts as higher commodity prices and expansion costs ate into earnings. More… |
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Almarai's 'world of milk' in spotlightNational Geographic Abu Dhabi will be taking viewers on an unprecedented journey into the world of milk production at Saudi Almarai, one of the world’s largest vertically-integrated dairy companies, in its programme ‘Megafactories&rs More… |
