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 new chief executive officer. Lamonerie joins Marka from Gulf General Investment Company where he was CEO of Subsidiaries and
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 search for a new chief executive. Benoit Lamonerie assumed the role on Sunday, the company said in a release on the Dubai
Sadafco approves distribution of SR130m dividends
(Saudi Gazette - 29/05/2017)
THE Saudia Dairy and Foodstuff Company (Sadafco) Annual General Meeting last evening approved the distribution of dividends amounting to SR130 million at SR4.00 per share, the equivalent of 40% of capital. The approval came as shareholders met in Jeddah
Al Meera's supply chain department wins ISO 9001:2015 certification
(Gulf Times - 22/05/2017)
Al Meera Consumer Goods Company's supply chain department has been awarded the ISO 9001:2015 certificate, a first in Qatar's retail sector, by Bureau Veritas Certification Holding SAS UK. The certification serves as a testament to the company's
Asharqiyah Announces the Full Amortization of Accumulated Losses
(Tadawul - 14/05/2017)
With reference to the Company announcement on 20/04/2017 regarding the implementation of procedures and instructions issued by the Capital Market Authority for listed companies whose accumulated losses amounted to 20% and more of its capital in
Almarai receives the first 'transport operation' card
(Saudi Gazette - 11/05/2017)
ALMARAI Company obtained the first user card via Naql portal for operators' service for individual and corporate road and marine transport sector that was launched recently. In a ceremony held at the headquarters of the Public Transport Authority "PTA",
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 Monkeys to Evolvence Knowledge Investments (EKI), securing the company a ten-fold gross return on its original equity
Marka shareholders give nod for Dh1 billion authorised capital
(Gulfnews - 02/05/2017)
Marka said on Monday its shareholders have approved the board's plan to set up an authorised capital of Dh1 billion. The shareholders also approved company's plan to sell its shares in Cheeky Monkeys, a nursery school, the company said in a statement
Qatar retailer Al Meera nets $177m sales in Q1
(Trade Arabia - 01/05/2017)
Qatar-based retail major Al Meera Consumer Goods Company said its sales soared to QR644.1 million ($177 million) in the first quarter compared to QR641 million ($176 million) for the same period last year. Announcing its financial results for the three
Almarai CEO among '100 Most Powerful CEOs' in the region
(Saudi Gazette - 01/05/2017)
In collaboration with INSEAD Business School, Trends Magazine selected Georges Schorderet, Chief Executive Officer of Almarai Company, among the Most Powerful 100 CEOs in the region in the sixth edition of this annual award. This selection is made
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