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Agthia eyes forays into Saudi market (Khaleej Times - 27/01/2016)

The UAE's Agthia Group plans to enter Saudi Arabia market this year, a top official of the company said on Tuesday. The Abu Dhabi-based food and beverage company has allocated Dh500 million for expansion in the next three years. The company has

Almarai most popular brand in the Kingdom (Saudi Gazette - 26/01/2016)

Almarai, the largest integrated dairy foods company in the world, topped the list of companies with highest brand awareness in Saudi Arabia for the year 2015, beating big names like Samsung and Apple, which fell in second and third places, respectively.

Savola Group appoints new CEO (Tadawul - 19/01/2016)

The Savola Group would like to announce that its Board of Directors, in its meeting dated 19/01/2016, has decided to appoint Eng. Rayan Mohammed Fayez in the position of Chief Executive Officer (CEO) of the Savola Group, based on the recommendation of

Dubai Parks leases nearly two thirds of Riverland part of theme park (The National - 18/01/2016)

Dubai Parks and Resorts has let almost two-thirds of the available space at the Riverland element of its multi-theme park site. The company — a spin-off from Meraas Holding which raised Dh2.5 billion via a flotation on the Dubai Financial Market in

Almarai beats Samsung as Saudi Arabia's Best Brand in 2015 (Press Release - 18/01/2016)

Household name Almarai has been ranked the most positively perceived brand in Saudi Arabia according to the 2015 BestBrand Rankings launched today by global market research company, YouGov. The BestBrand Rankings are compiled using YouGov's flagship

Almarai Q4 profit rises 13 percent (Arab News - 18/01/2016)

Saudi Arabia's Almarai, the Gulf’s largest dairy company, reported a 13 percent increase in fourth-quarter net profit on Sunday, in line with analyst estimates as sales grew faster than costs. Almarai made a profit of SR483.7 million ($129.06 million) in

Saudi's Almarai Q4 profit rises 13 pct, meets forecasts (Reuters - 17/01/2016)

Saudi Arabia's Almarai, the Gulf's largest dairy company, reported a 13 percent increase in fourth-quarter net profit on Sunday, in line with analyst estimates as sales grew faster than costs. Almarai made a profit of 483.7 million riyals ($129.06

SHADCO Managing Director submit resignation (Tadawul - 17/01/2016)

Ash-Sharqiyah Development Co. announces of submit the Managing Director and Chief Executive Officer Mr. / Mohammed bin Ahmed Al Rahma for his resignation from the post of Member of Managing Director and Chief Executive effective in the board meeting No.

Marka expands sports retail footprint in UAE (Trade Arabia - 16/01/2016)

Marka, a UAE-based premier retail operator targeting the mid-to-high-range and luxury segments, has announced the launch of two new outlets - Cheeky Monkeys and Nike store - in the emirates. The outlets, operated by its dedicated sports retail division,

Halwani Q4 net profit up by 64 Percent (GulfBase.com - 14/01/2016)

Net profit of Halwani Brothers Co. (HB) during the 4th Q 2015 amounted to SAR 38.7 million versus SAR 23.6 million for the same quarter of last year with an increase of 63.98%, compared to SAR 27.4 million for the previous quarter with an increase of

Savola to raise costs by SR105m in 2016 (Saudi Gazette - 14/01/2016)

Savola Group, Saudi Arabia’s largest food products company, said on Tuesday that changes to energy and gas feedstock prices announced by the government will raise its costs by around SR105 million ($28 million) in 2016. Companies in the kingdom have

SACO ANNOUNCES ITS EXPANSION PLAN FOR THREE YEARS (Tadawul - 13/01/2016)

SACO would like to announce its initial expansion plan for three years, it intends to open new stores in Saudi cities where there are no branches for SACO, as well as increasing the number of branches in the main cities from (25) stores by the end of

Saudi's Savola says energy reform to raise costs by 105m riyals in 201 (The Peninsula - 13/01/2016)

Savola Group, Saudi Arabia's largest food products company, said on Tuesday that changes to energy and gas feedstock prices announced by the government will raise its costs by around 105 million riyals ($28 million) in 2016. Companies in the kingdom have

Almarai buys land in California to grow fodder (Arab News - 11/01/2016)

Saudi Arabia’s Almarai Co, the largest dairy company in the Gulf, has spent $31.8 million to buy land in California to supply its business with alfalfa hay, it said. The 1,790 acres of land, acquired through Almarai’s Fondomonte California LLC operation

Almarai purchases farm land in USA for SAR 119.3 million (Tadawul - 10/01/2016)

Almarai is pleased to announce that it has completed, on January 8th 2015 the purchase of 1,790 acres of farm land in Blythe, California, USA, through its fully owned subsidiary Fondomonte, California LLC. Within the total land subject to this

NADEC announces its investment program in Sudan (Tadawul - 01/01/2016)

In reference to the announcement made by the agricultural development Co. (Nadec ) on 28th December 2014 regarding the accomplishment of all requirements for reserving and receiving 25,200 Hectar / 60,000 acre in Sudan - North Kordofan State in

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