ADM and Almarai among companies eyeing Saudi grains agency asset sale

09/03/2017 06:16 AST

A partnership of US agribusiness giant Archer Daniels Midland Co and Saudi foods group Almarai is among potential bidders for Saudi Grains Organisation's milling operations, the kingdom's sole supplier, sources said. Italian wheat supplier Casillo Group and a partnership of Turkey's TAV Group, a construction and airports conglomerate, and Saudi Arabia's Al Rajhi Holding Group, a real estate concern, are also considering bids, the sources said.

The state-owned Saudi Grains Organisation (SAGO), which handles the kingdom's grains purchases, is preparing to sell off its milling operations by placing them in four specially formed corporate entities while retaining other functions.


Gulfnews

News

Saudi's Almarai Q4 profit down 4.3 pct, competition pressures prices

21/01/2018

Saudi Arabia's Almarai, the Gulf's largest dairy company, reported a 4.3 percent decline in fourth-quarter profit on Sunday due to tough market conditions that prevailed throughout 2017, missing some

Reuters

Almarai Board recommends 7.5% cash dividends for year 2017

11/12/2017

The Board of Directors of Almarai Company, during its meeting on 11th December 2017, has decided to recommend to the General Shareholders Assembly a payment of dividend for the financial year 2017 as

Tadawul

Almarai reports gross profit of $404m for Q3

25/10/2017

Saudi Arabia's Almarai, the largest dairy company in the Gulf, has reported a gross profit for the third quarter of SR1.51 billion ($404.24 million), an increase of 2.1 per cent as compared to the SR

Trade Arabia

Most Viewed Companies

Ticker Price Volume
HERFYFOODS 26.10 412,306
NCCI.KW 108.00 4,686,753
SAUDIKAYAN 7.97 2,386,433
BUDGETSAUDI 84.80 113,172
VOES 0.40 42,241
FUTUREKID 113.00 724,193
QIC 1.20 0

Valuation

ALMARAI Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
FADECO 70.00 -1.50 (-2.10%)
SAVOLAGROUP 27.30 0.20 (0.73%)
BALADY 350.40 -9.60 (-2.67%)
SADAFCO 378.20 0.60 (0.15%)
NADEC 27.30 0.10 (0.36%)

Recent News

EEC's capital optimization plan to shore up financial position and sustain growth: CEO

14/09/2024

RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

12/09/2024

Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

logo

Financial Information Co.

(MITCO), P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap