Abu Dhabi-listed Emirates Foodstuff and Water Company (Agthia), a leading food and beverage company of the country, yesterday announced 44 per cent growth in profit for 2009 at Dh104 million against Dh72.2m for the previous year, according to preliminary
Saudi Arabian Almarai Co, the Gulf's largest dairy company by market value, said fourth-quarter net profit rose 13.5 percent on higher sales, but the outcome missed forecasts. "These results are due to the increase of sales and the firm's market share in
The board of directors of Saudia Dairy & Foodstuff .Co (Sadafco) has decided to distribute an exceptional interim dividend for the nine-month period ending Dec. 31, 2009 of the 2009-10 financial year to the shareholders with a total amount of SR48.750
Saudi Arabian Almarai Co., the Gulf’s largest dairy company by market value, said fourth-quarter net profit rose 13.5 percent on higher sales, but the outcome missed forecasts. Almarai made a net profit of SR249 million in ($66.35 million) in the three
The Board of Directors of Dhofar Cattle Feed (DCF) yesterday approved the sale of its entire holding of 9,967,845 shares of BankDhofar in a deal expected to generate around RO 7.3 million cash for the company. The proceeds will be used to settle part of
Almarai Co., the largest food producer in Saudi Arabia by market value, said fourth-quarter profit rose 14 percent to 248.8 million riyals, helped by higher sales.
The Savola Group, which posted on Monday a better-than-expected net profit for the fourth-quarter and a higher full year results for 2009, projects to raise its net operating income by 8.1 percent in 2010. Savola has made a SR269 million net profit for
Saudi conglomerate Savola Group posted on Monday a better-than-expected net profit for the fourth-quarter and said it would raise its net operating income by 8.1 percent in 2010. Savola made a net profit of 269 million riyals ($71.7 million) in the three
A’Saffa Poultry Farms SAOG has scored a double in Observer’s brand survey at No1 in its category and No 3 in the overall listing of 130 greatest brands. Expressing his happiness, Chief Executive Officer Dr Nasser Zaher al Mauly, said: “It is a great
Herfy Food Services Co., Saudi Arabia’s largest local fast-food chain, will raise 413.1 million riyals ($110 million) in its initial public offering from Jan. 11 to Jan. 17, Al-Eqtisadiah reported. The company will sell 8.1 million shares, or 30 percent
Herfy Food Services Co, the Saudi replica of fast-food chains McDonalds and Burger King, plans to raise 413.1 million riyals ($110.2 million) from an initial public offering starting next week, the firm said yesterday. The company will sell 8.1 million
Saudi sugar refiner Savola Group has sold a central storage facility to Al Rajhi Capital for SR299 million ($79.73 million), making a profit of 55 million riyals, the company said on Sunday. Savola sold the facility on the condition that Al Rajhi Capital
Savola Al Azizia United Co., Saudi Arabia’s second-largest food producer, sold a warehouse in Riyadh to Al-Rajhi Capital in a transaction valued at 299 million riyals ($79.7 million). Riyadh-based Al-Rajhi Capital will lease the warehouse back to
Almarai Company (Almarai) today announced the transfer of its 100% stake in International Company for Agro Industrial Projects (Beyti). Beyti, the acquisition of which was announced in June 2009, was transferred at cost to International Dairy and Juice
International Dairy and Juice Limited (IDJ), a joint venture between PepsiCo and Almarai, announced that it has acquired Egypts International Company for Agro-Industrial Projects (Beyti). Beyti, founded in 2005, is a well recognised brand name in Egypt.