Salalah Flour Mills is expanding in a bid to benefit from Oman's rising food requirements, which would bode well for the company's stock. The Omani market heavyweight, with a 30 per cent market share, has already been operating beyond its maximum
Al Meera Consumer Goods QSC (Al Meera) and Hassad Foods, Qatar's large agriculture and livestock development firm, announced a deal which will shortly see Al Meera's outlets all over the country selling Hassad-branded rice. The agreement falls in line
Shares of Agthia, an Abu Dhabi food producer, fell yesterday as it announced a 25 per cent decline in profits. For some short-term investors, the fundamentals behind growing demand for food staples worldwide continue to be outweighed by the increasing
Asaffa Foods received a shot in the arm with the recent announcement by the Ministry of Finance giving the company extension of income tax exemption for another five years. According to industry experts, the reprieve is expected to have a direct impact
The Savola Group, one of the region’s leading food companies specialized in edible oils, sugar, pasta, hypermarkets, retail and plastics, has announced its financial results for the twelve months ending Dec. 31, 2011. Managing Director Abdulraouf Mannaa
Almarai Co. posted a 0.6 percent increase in fourth-quarter profit, excluding the effect of a decline in the value of its investment in Saudi Zain. For the fourth quarter ended Dec. 31, Almarai generated an interim consolidated net income amounting to
United Electronics Company (eXtra) has announced its interim financial results for the period ending Dec. 31, 2011, demonstrating the success of the company's strategy of expanding its offering and presence across the Kingdom. The company reported a net
1-The business delivered net income in the forth quarter 2011 of SR 15.9M compared to SR 17.5M same quarter previous year with a decline of (9.1)% and compared to SR 19.6M in the third quarter 2011 with a decline of (18.9)%. 2- Gross profit achieved in
Al Meera Consumer Goods Company (Q.S.C.) announced Wednesday that it will directly or indirectly, and through one of its subsidiaries, enter into a sublease agreement of Dasman Hypermarket building, located on the highway leading to the Airport Road.
Stock pickers are going back to basics as the threat of a new global financial crisis increases appetite for staples in a trend that is helping regional food producers such as Abu Dhabi's Agthia. The seller of bottled drinks, flour and animal feedwill
United Electronics Company (eXtra), Saudi Arabia’s fastest-growing consumer electronics and home appliance retailer, has announced the opening of its first stores in Al-Kharj and Jubail, bringing its nationwide presence to 24 outlets. Demonstrating its