Wednesday 10 February 2016
 
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dairy

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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Oman food company to build new factories

Oman Food Investment Holding Company (OFIC) has reached an agreement to build three factories  in the sultanate for the dairy and poultry sectors at a total investment of $620 million, a report said. About 70 per cent of the capita

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Oman food company to build new factories

Oman Food Investment Holding Company (OFIC) has reached an agreement to build three factories  in the sultanate for the dairy and poultry sectors at a total investment of $620 million, a report said. About 70 per cent of the capita

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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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