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Marka stems painful flow of losses with aggressive cost-cutting
(Gulfnews -15/11/2017)

Marka released its third quarter financial results on Tuesday, reporting a net loss of Dh22 million, an improvement of sorts given ...

Marka to remain operational despite losses since inception
(The National -12/10/2017)

Marka, the retailer which started restructuring its business earlier this year, after failing to turn a profit since its 2014 listing ...

Marka posts $7m in Q2 revenues
(Trade Arabia -16/08/2017)

Marka, the first retail-focused company listed on the Dubai Financial Market, has reported total revenue of Dh25.48 million ($6.9million) ...

Marka appoints new CEO
(Trade Arabia -31/05/2017)

Marka, the first public joint stock retail operating company in the UAE, has announced the appointment of Benoit Lamonerie as its ...

Dubai retail group Marka names new chief executive
(The National -29/05/2017)

Marka, the Dubai-based retail group that has yet to make a ­profit after more than two and a half years of trading, has ended its ...

Marka sells Cheeky Monkeys stake; gets 10-fold returns
(Trade Arabia -04/05/2017)

Marka, the first public joint stock retail focused company in the UAE, has finalised the sale of its 60 per cent stake in Cheeky ...

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Consumer Staple News

Saudi Arabia's Nadec acquires Al Safi Danone
(Trade Arabia -30/03/2018)

Saudi Arabia-based Al Safi Holding, a unit of Al Faisaliah Group, has sold its shares in Al Safi Danone Company (ASD), a producer ...

ZAD Holding maintaining stable consumer prices despite blockade on Qatar
(Gulf Times -29/03/2018)

Despite global economic headwinds and the blockade imposed on Qatar in June last year, ZAD Holding Company has managed to maintain ...

Saudi Arabia's Nadec to buy Al Safi Danone through $143m capital increase
(The National -26/03/2018)

Nadec, the Saudi food and beverage company in which the kingdom's sovereign wealth fund has a 20 per cent stake, agreed to buy rival ...

National Detergent board approves 45% dividend
(Times of Oman -21/03/2018)

At the Annual General Meeting (AGM) of National Detergent Company held at Grand Hyatt Hotel on March 12 the board has approved distribution ...

Salalah Mills bags ISO accreditation
(Oman Daily Observer -20/02/2018)

Salalah Mills Company bagged ISO/IEC 17025 accreditation from Dubai Accreditation Centre (DAC) for its testing laboratory. Ahmed ...

Agthia plans Dh500m of Saudi acquisitions by 2020
(The National -19/02/2018)

Agthia Group plans to invest more than Dh500 million by 2020 in acquiring assets in Saudi Arabia, the region's biggest economy and ...

Marka sees revenues slashed by Dh200m
(Gulf News -15/02/2018)

Marka continued its dismal run of results on Wednesday, with revenues for 2017 plummeting by nearly 68 per cent, and net losses ...

Savola Group appoints new CEO
(Tadawul -31/01/2018)

Further to the Savola Group (The Group) previous announcement dated 14/11/2017, regarding the resignation of its CEO, the Group ...

Agthia's 2017 profit drop 19%
(The National -30/01/2018)

Agthia Group, an Abu Dhabi-based food and beverage firm, reported a 19 per cent drop in its full-year 2017 net profit, missing analysts' ...

Agthia's 2017 profit slides 19%, impacted by subsidy reform for flour
(The National -30/01/2018)

Agthia Group, an Abu Dhabi-based food and beverage firm, reported a 19 per cent drop in its full year 2017 net profit, missing analysts' ...

Consumer Staple News ....
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