Saudi-based Almarai, the largest dairy company in the GCC, made a net profit of SR654.6 million ($174.3 million) in the three months to September 30, up 10 per cent from 595.1 million ($157.4 million) in the year-earlier period.
Egyptian dairy company Arabian Food Industries Co (Domty) is planning to invest 240 million Egyptian pounds ($27 million) in 2016-17 to fund expansion and increase production capacity.
Egyptian dairy company Arabian Food Industrie
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
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.
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
Egyptian dairy firm Arabian Food Industries Company (Domty) is planning an initial public offering (IPO) on the Cairo bourse in March, its chairman and managing director Omar El Damaty said on Wednesday.
Food is seen as a fast-gro
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
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
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
Saudi Arabia's Almarai, the Gulf's largest dairy company, reported a 10.3 per cent rise in third-quarter net profit on Thursday that was slightly below estimates despite increased sales.
Almarai made a profit of SR595.1 mi