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- Lebanon receives preliminary approval to increase World Bank loan to $400m
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10/10/2017 22:23 AST
SADAFCO has signed on 10 October 2017, a Non-Binding agreement with Mlekoma sp. Z.o.o. with its subsidiaries Foodexo sp. Z.o.o, & Mlekoma Dairy Z.o.o. in Poland to continue the due diligence process of acquiring a controlling stake and upon satisfactory completion of this process, sign a Binding Offer with Mlekoma Sp. Z.o.o and conclude the legal and financial formalities of acquisition.
The estimated Enterprise Value of acquisition is approximately SAR 120 million and will be finalized upon completion of the due diligence process.
SADAFCO considers this transaction as a strategic opportunity to invest in vertical (backward) integration, being a source of one of its key raw materials i.e. milk powder.
In accordance with regulations, should this process conclude, the company will make the necessary public announcements on further details of the transaction.
Tadawul
18/02/2025
The Saudi Dairy and Food Products Company participated in the 12th Career Forum at King Abdulaziz University. The event took place from Feb. 2 to 6, under the patronage of Prince Saud bin Mishal bin
Arab News
05/11/2017
Saudia Dairy and Foodstuff Company (Sadafco) said it is building two new warehouses in the cities of Jeddah and Tabuk as part of its expansion plans in the kingdom.
The projects, which are
Trade Arabia
26/10/2017
Despite the drop in overall consumption levels, Saudia Dairy and Foodstuff Company (Sadafco) achieved consistent net margins in Q2 2017 in line with the previous quarters this year and last year.
SADAFCO
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| FADECO | 79.00 | 0.00 (0.00 |
| ALMARAI | 53.80 | 0.40 (0.74 |
| SAVOLAGROUP | 30.85 | 0.15 (0.48 |
| BALADY | 281.00 | -5.00 (-1.75 |
| NADEC | 23.20 | 0.10 (0.43 |
26/04/2025
Adnoc Distribution, a leading fuel distributor and convenience store operator, has unveiled plans for a major expansion of its electric vehicle (EV) charging infrastructure, increasing its charging p
Trade Arabia
25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia