Saturday 19 April 2014
 
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dairy

Almarai profit up 7.3pc to $73m in Q1

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

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Boom time for Saudi dairy sector

The dairy sector is projected to expand on the back of increasing population growth and changing consumption patterns due to rapid urbanization, according to a report. The government has been very supportive of this industry given

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Abraaj acquires majority stake in Turkish dairy

The Abraaj Group, a leading investor, has acquired through its fund a majority stake in Yörsan Group, a leading Turkish manufacturer and distributor of high quality dairy products. The acquisition was made in partnership with

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Almarai sets guidance on $453m hybrid 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

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Almarai shareholders approve 50pc capital hike

Saudi Arabia's Almarai has received shareholder approval to increase its capital by 50 per cent to SR6 billion ($1.60 billion), the dairy firm said in a statement on Tuesday. The company will increase the number shares to 600

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Almarai shareholders approve 50pc capital hike

Saudi Arabia's Almarai has received shareholder approval to increase its capital by 50 per cent to SR6 billion ($1.60 billion), the dairy firm said in a statement on Tuesday. The company will increase the number shares to 600

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Almarai plans $453m sukuk sale

Saudi Arabian dairy producer Almarai Company has mandated four banks to arrange the sale of a SR1.7 billion ($453.3 million) Islamic hybrid bond (sukuk), the company said on Wednesday. The Gulf's largest dairy firm has mandate

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Almarai plans $453m sukuk sale

Saudi Arabian dairy producer Almarai Company has mandated four banks to arrange the sale of a SR1.7 billion ($453.3 million) Islamic hybrid bond (sukuk), the company said on Wednesday. The Gulf's largest dairy firm has mandate

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Tainted dairy stocks removed from market: Fonterra

The chief executive of New Zealand's Fonterra said his future was up to the board of the world's biggest dairy exporter after human error resulted in some of its products being contaminated and shipped around the world. &n

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China bans NZ milk powder imports

China has halted imports of all New Zealand milk powder, New Zealand's trade minister said on Sunday, after bacteria that can cause botulism found in some dairy products raised food safety concerns that threatened its $9.4 billion annual dai

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