Sunday 25 September 2016
 
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Almarai

Saudi's Almarai Q2 net profit up 18.6pc

Saudi Arabia's Almarai, the Gulf's largest dairy company, reported an 18.6 per cent increase in second-quarter net profit on Sunday, beating analysts' forecasts. Almarai made a profit of SR628.8 million ($167.7 million

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Almarai, KKR eye Abu Dhabi food company stake

US private equity firm KKR and Saudi dairy company Almarai are among four rival groups shortlisted to bid for a majority stake in Abu Dhabi-based National Food Products Company, sources said, highlighting the appeal of the Gulf food and dairy se

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Almarai Q1 net profit up, in line with forecasts

Higher sales helped Saudi Arabia's Almarai to post a marginal rise in first-quarter net profit on Sunday, though the Gulf's largest dairy company warned of challenging market conditions in the face of the region's economic slowdown.

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Almarai wins approval for capital increase

Saudi Arabia's Almarai Company, the largest dairy company in the Gulf, said on Monday shareholders approved a capital increase for the company through bonus shares. The shareholders meeting took place on Sunday, the company sa

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Almarai Q4 profit rises 13pc, meets forecasts

Saudi Arabia's Almarai, the Gulf's largest dairy company, reported a 13 percent increase in fourth-quarter net profit on Sunday, in line with analyst estimates as sales grew faster than costs. Almarai made a profit of SR48

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Almarai buys land in California to grow fodder

Saudi Arabia's Almarai, the largest dairy company in the Gulf, has spent $31.8 million to buy land in California to supply its business with alfalfa hay, it said on Sunday. The 1,790 acres of land, acquired through Almarai'

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Almarai buys land in California to grow fodder

Saudi Arabia's Almarai, the largest dairy company in the Gulf, has spent $31.8 million to buy land in California to supply its business with alfalfa hay, it said on Sunday. The 1,790 acres of land, acquired through Almarai'

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Almarai costs to rise by $133m this year

Saudi Arabian dairy firm Almarai on Sunday said utility price increases and new crop-growing restrictions will increase its costs by SR500 million ($133.2 million) in 2016.   The government in December announced

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Almarai eyes $1.5bn stake in UAE food company

Saudi Arabian dairy firm Almarai is interested in buying a majority stake in National Food Products Company (NFPC), four sources familiar with the matter told Reuters. The Gulf's largest dairy firm, Almarai, is among several c

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Almarai announces $184m cash dividends for 2015

Saudi Arabia's Almarai said on Monday its board had recommended a cash dividend of 1.15 riyals ($0.31) per share. Almarai, the Gulf's largest dairy firm, paid a dividend of 1 riyal for 2014, according to Thomson Reuters da

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