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Americana’s sale to consortium scrapped (Saudi Gazette - 31/05/2016)

Kuwait’s Al-Kharafi family has scrapped a sale of a majority stake in Kuwait Food Co (Americana) to a Gulf-based consortium ending months of talks over the multibillion-dollar deal. Americana, which owns the franchises for fast food chains KFC and

UAE-based UNIKAI taps into Qatari FMCG market (Trade Arabia - 29/05/2016)

United Kaipara Dairies (UNIKAI), one of the largest fast moving consumer good (FMCG) companies in the UAE, has signed a memorandum of understanding (MoU) with Qatar Foods & Services, to make available UNIKAI products in the Qatari FMCG. The deal was

Almarai, KKR eye Abu Dhabi food company stake (Trade Arabia - 19/05/2016)

US private equity firm KKR and Saudi dairy company Almarai are among four rival groups shortlisted to bid for a majority stake in Abu Dhabi-based National Food Products Company, sources said, highlighting the appeal of the Gulf food and dairy sector.

Oman's Salalah Mills Co. postpones expansion plan (Times of Oman - 16/05/2016)

Salalah Mills Company has decided to postpone its proposed capacity expansion due to the current economic situation. The company’s board took the decision in its meeting on May 12, according to a stock market filing. Further, a proposal to float a rights

Marka Q1 sales top $20m (Trade Arabia - 12/05/2016)

Marka, a major retail company in the UAE, reported total revenue of Dh75.73 million ($20.6 million), for the first quarter of the year. Total losses reported for the period were Dh18.13 million; however the net operating loss for Q1 2016 was Dh4.97

Agthia Group Q1 net profit increases 14% (Khaleej Times - 10/05/2016)

Agthia Group, one of the UAE's leading food and beverage companies, has reported a 14 per cent increase in net profit to Dh68 million in the first quarter of the year on stronger sales. The food company said its revenue grew 12 per cent to Dh486 million

Dubai Parks and Resorts launches rights issue (Trade Arabia - 04/05/2016)

Dubai Parks and Resorts, a leisure and entertainment destination coming up on a 16-million-sq-ft area in the UAE, on Wednesday began trading its shares on Dubai Financial Market (DFM). The rights issue, which will be free-floated on the inaugural day

Agthia Group signs deal to open water bottling plant in Kuwait (The National - 03/05/2016)

The Abu Dhabi food and beverage company Agthia has signed a deal to open a water bottling plant in Kuwait, taking advantage of the country’s high per capita water consumption. The equal partnership joint venture with Kuwait’s Al Wafir Marketing Services

Sadafco net profit surges (Saudi Gazette - 02/05/2016)

Low international commodity prices combined with favorable sales growth across its various dairy and foodstuff categories has enabled the Saudia Dairy and Foodstuff Company (Sadafco) to once again register an increase in its profits for the 12 months

SADAFCO’s net profit up 83.4% to SR261 million (Arab News - 01/05/2016)

Low international commodity prices combined with favorable sales growth across its various dairy and foodstuff categories has enabled the Saudia Dairy and Foodstuff Company (SADAFCO) to once again register an increase in its profits for the 12 months

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