Monday 3 August 2015
 
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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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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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