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Saudi Arabia's Nadec acquires Al Safi Danone

(Trade Arabia - 30/03/2018)

Saudi Arabia-based Al Safi Holding, a unit of Al Faisaliah Group, has sold its shares in Al Safi Danone Company (ASD), a producer of dairy and juice products, to National Agricultural Development Co (Nadec).<br/><br/> Baker McKenzie, a leading global law

ZAD Holding maintaining stable consumer prices despite blockade on Qatar

(Gulf Times - 29/03/2018)

Despite global economic headwinds and the blockade imposed on Qatar in June last year, ZAD Holding Company has managed to maintain good performance in 2017 not only catering to the needs of the country but maintaining stable consumer price

Saudi Arabia's Nadec to buy Al Safi Danone through $143m capital increase

(The National - 26/03/2018)

Nadec, the Saudi food and beverage company in which the kingdom's sovereign wealth fund has a 20 per cent stake, agreed to buy rival Al Safi Danone in a deal that will be funded through a 536 million Saudi riyal ($143m) capital increase.<br/><br/>

National Detergent board approves 45% dividend

(Times of Oman - 21/03/2018)

At the Annual General Meeting (AGM) of National Detergent Company held at Grand Hyatt Hotel on March 12 the board has approved distribution of 45 per cent dividend for the year 2017. The meeting was held in the presence of the Board Chairman Redha Baqir