Sunday 29 May 2016
 
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dairy

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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Egyptian dairy firm Domty plans IPO in March

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

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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 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 Q3 profit rises 10.3pc to $158.7m

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

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Almarai Q2 net profit surges 22pc

Saudi Arabia's Almarai, the largest dairy company in the Gulf region, has reported an 22.41 per cent increase in second-quarter net profit on Sunday. Almarai made a profit of SR530.4 million ($141.43 million)in the three month

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Almarai Q2 net profit surges 22pc

Saudi Arabia's Almarai, the largest dairy company in the Gulf region, has reported an 22.41 per cent increase in second-quarter net profit on Sunday. Almarai made a profit of SR530.4 million ($141.43 million)in the three month

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