Sadafco records SR75m net profit in 2nd quarter '17
(SADAFCO - 26/10/2017)
Despite the drop in overall consumption levels, Saudia Dairy and Foodstuff Company (Sadafco) achieved consistent net margins in Q2 2017 in line with the previous quarters this year and last year. Material input costs continued to move up during the
Almarai reports gross profit of $404m for Q3
(Trade Arabia - 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 SR1.48 billion ($396.08 million) during the same period
Almarai Q3 profit flat, warns of adverse market conditions
(Reuters - 22/10/2017)
Saudi Arabia's Almarai, the Gulf's largest dairy company, reported a flat third-quarter net profit on Sunday, and warned it remained cautious on the year due to adverse market conditions. Almarai made a profit of 667 million riyals ($178 million) in the
PIF is third-biggest Almarai shareholder
(Arab News - 16/10/2017)
Saudi Arabia's sovereign wealth fund became the third-biggest shareholder in Almarai as it boosts investments at home and abroad, Bloomberg reported. The Public Investment Fund owns 163.2 million shares, or 16.32 percent, of Riyadh-based dairy farm
Saudi Wealth Fund Builds $2.4 Billion Stake in Food Producer
(Bloomberg - 15/10/2017)
Saudi Arabia's sovereign wealth fund became the third-biggest shareholder in Almarai Co. as it boosts investments at home and abroad. The Public Investment Fund owns 163.2 million shares, or 16.32 percent, of Riyadh-based dairy farm operator and food
ALMARAI announces the change in ownership of the Company's Capital
(Tadawul - 15/10/2017)
Almarai Company announces, as pet the shareholders records dated October 15th 2017, that the ownership of the Public Investment Fund (PIF) in the Company Share Capital reaches 163,233,480 shares representing 16.32% of the total Company's Share Ca
Savola's retail unit Panda names new CEO
(Trade Arabia - 15/10/2017)
Savola Group, one of Saudi Arabia's leading retail and food holding companies, has appointed Bander Talaat Hamooh as the new chief executive officer (CEO) for its retail unit Panda effective October 15. Panda, 91 per cent owned by Savola Group, is a
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 in Dubai, plans to sell under-performing assets, restructure its debt, and contain costs. "Over the past few months
SADAFCO signed non-binding agreement with Mlekoma sp. Z.o.o
(Tadawul - 10/10/2017)
SADAFCO has signed on 10 October 2017, a Non-Binding agreement with Mlekoma sp. Z.o.o. with its subsidiaries Foodexo sp. Z.o.o, & Mlekoma Dairy Z.o.o. in Poland to continue the due diligence process of acquiring a controlling stake and upon satisfactory
SACCO announces cash dividend distribution process for H1 2017
(Tadawul - 09/10/2017)
Saudi Company for Hardware (SACO) announces that SABB Bank will distribute the dividends announced on 27-07-2017 on Tadawul website to all eligible shareholders. The dividend payment process will start on Wednesday, 11- 10- 2017. The due dividends will
Saudi food firms NADEC, Al Safi Danone to discuss possible merger
(Arab News - 09/10/2017)
National Agricultural Development Company (NADEC) and Al Safi Danone Company (ASD) have entered into a non-binding agreement to explore a possible merger. "The term of the MOU [Memorandum of Understanding] is for a period of six months. The parties have
NADEC signs MoU with SAFI DANONE Company Limited
(Tadawul - 08/10/2017)
National Agricultural Development Company (NADEC) is pleased to announce that it has entered into a non-binding memorandum of understanding (the MOU) on 17/1/1439H corresponding to 7/10/2017G with Al Safi Danone Company Limited (ASD). The purpose of the
Catering embarking on a contract with Saudi Arabian Airlines
(Tadawul - 05/10/2017)
Saudi Airlines Catering Company (SACC) announces the embarking on a contract with Saudi Arabian Airlines Est. on the 04th of October 2017, for the purpose of providing and operating a central baggage warehouse, for a contract term of three years. The
Savola Group in talks to buy confectionery maker Sanabel Al Salam for
(Gulfnews - 03/10/2017)
Savola Group, Saudi Arabia's largest food products company, is in talks to buy sweets and confectionery maker Sanabel Al Salam in a deal worth $300 million, sources told Reuters. Savola, which owns supermarket chain Panda, is keen to increase the quality
Saudi Arabian Savola plans to expand in Egypt: Industry Minister
(Daily News Egypt - 02/10/2017)
Minister of Trade and Industry Tarek Kabil held a meeting on Sunday with officials of Saudi Arabia's Savola Group. The meeting discussed the company's future plans and investments in Egypt. Minister of Supply and Internal Trading Aly Meselhi also
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