Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Subscription Commencement in 2nd Issue of Islamic Ijara Murabaha Sukuk through Bahrain Bourse
- Bahrain All Share Index, Islamic Index close lower
- Almarai ranks as the fourth most valuable dairy brand globally for third consecutive year
- Restructuring Moves SABIC to Reclaim Ground in the Petrochemicals Race
- Kuwait's Merged Warba-Gulf Bank Can Grow for 10 years without Capital Hike
- Stocks slip during trading as investors await key Fed speech
- Qatar Stock Exchange sees profit-taking after strong rally
- Masdar achieves record portfolio growth in 2024
- Blackline Safety lands big Adnoc order for gas detectors, beacons
- UAE's GCAA issues new airport crisis management regulation
21/01/2018 10:18 AST
Saudi Arabia's Almarai, the Gulf's largest dairy company, reported a 4.3 percent decline in fourth-quarter profit on Sunday due to tough market conditions that prevailed throughout 2017, missing some analysts' estimates.
Almarai made a net profit of 513 million riyals ($136.8 million) in the three months to December 31, compared to a net profit of 536 million riyals in the year-earlier period.
SICO Bahrain had projected a net profit of 549.5 million riyals for Almarai and NCB Capital had forecast 531 million riyals.
Almarai said market competition has intensified leading to pressures on prices, but it protected its operating profit and its balance sheet with strict cost control and a reduced investment level. Almarai has lost access to the Qatari market since June after Saudi Arabia severed trade and travel links with its neighbour in the Gulf's most severe diplomatic split in years.
The company said revenue declined 2.6 percent, mainly due to loss of sales in the Gulf states and export countries, though sales were partly compensated by poultry, dairy and cheese products.
Reuters
22/08/2025
For the third consecutive year, Almarai has been recognized as the fourth most valuable dairy company worldwide for 2025 by Brand Finance, the industry leader in brand valuation.
This rankin
Saudi Gazette
16/06/2025
Saudi dairy giant Almarai has signed an agreement to fully acquire Pure Beverages Industry Co. for SR1.04 billion ($277 million), aiming to diversify its offerings and enhance its market position. <
Arab News
11/12/2017
The Board of Directors of Almarai Company, during its meeting on 11th December 2017, has decided to recommend to the General Shareholders Assembly a payment of dividend for the financial year 2017 as
Tadawul
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| FADECO | 66.90 | -1.60 (-2.34 |
| SAVOLAGROUP | 24.01 | -0.13 (-0.54 |
| SADAFCO | 270.40 | -3.60 (-1.32 |
| NADEC | 21.35 | -0.04 (-0.19 |
| SFICO | 88.80 | -1.00 (-1.12 |
22/08/2025
For the third consecutive year, Almarai has been recognized as the fourth most valuable dairy company worldwide for 2025 by Brand Finance, the industry leader in brand valuation.
This rankin
Saudi Gazette
22/08/2025
The global petrochemicals industry is grappling with a wave of uncertainty. Sluggish economic growth in key markets, mounting geopolitical tensions, and trade barriers are weighing on demand. Adding
Asharq Al Awsat
22/08/2025
The new Islamic banking entity resulting from the merger of Kuwait's Warba Bank and Gulf Bank will be able to grow for about ten years without raising capital, Warba's chief executive said.
Asharq Al Awsat
22/08/2025
Blackline Safety Corp, a global leader in connected safety technology, today (August 21) announced that the Abu Dhabi National Oil Company (Adnoc) has placed its first purchase order under a multi-ye
Trade Arabia
22/08/2025
Abu Dhabi National Energy Company (Taqa), one of the largest listed integrated utilities in Europe, the Middle East and Africa, on Thursday announced it has secured an Dh8.5 billion corporate term lo
Khaleej Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia