Tuesday 26 May 2015
 
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dairy

Almarai eyes $5.6bn capital expenditure

The board of Saudi Arabia's Almarai has approved a capital investment plan which will reach SR21 billion ($5.6 billion) in the next five years, it said on Tuesday. The Gulf's largest dairy firm said the 2016-2020 programme

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Almarai Q1 profit gains 12pc on higher sales

Saudi Arabia's Almarai, the Gulf's largest dairy firm, reported a 12 per cent rise in first-quarter net profit on Monday on higher sales. The firm made a profit of SR306.5 million ($81.7 million) in the three months to Mar

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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 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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Hassad Food kicks off investment in Turkey

Qatar-based Hassad Food, a leading global investor in the agriculture and livestock sectors, has initiated an investment plan covering poultry, meat and dairy in Turkey. Nasser Al Hajri, chairman and managing director of Hassad Fo

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Al Rawabi launches new fresh milk product

The UAE’s leading dairy company, Al Rawabi, said it has launched Super Milk, the country’s first fresh milk product that includes five added vitamins and nutrients (A, D, E, calcium and folic acid), specifically targeted at addressin

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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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