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Sadafco remains financially sound despite onerous market conditions
(Saudi Gazette - 31/05/2018)

Despite the decline in consumer spending and aggressive price strategies of competition, Saudia Dairy and Foodstuff Company (Sadafco) announced a net profit of SR260 million during the 12-month period ending March 31, 2018.<br/><br/> Strong working

Saudi dairy firm Almarai plans $2.8b 5-year capital investment
(Gulf News - 28/05/2018)

Saudi Arabia’s Almarai, the Gulf’s largest dairy company, plans to spend 10.6 billion riyals (Dh10.4 billion, $2.8 billion) in capital investment under a five year business plan aimed at boosting its efficiency and expanding its geographic

Savola Group buys 51% of Al Kabeer
(Saudi Gazette - 07/05/2018)

Savola Group, a Saudi publicly listed joint stock company, announces the execution of a share purchase agreement for the acquisition of 51% of the Al Kabeer Group, a frozen foods player with operations across the Kingdom of Saudi Arabia, United Arab

Saudi Airlines Catering’s 13.5% dividend approved
(Gulf News - 07/05/2018)

Saudi Airlines Catering said on Sunday its board has approved dividends of 13.5 per cent or 1.35 Saudi Riyals to its shareholders for the first quarter of 2018. The total payout will be 110 million Saudi riyals (Dh97.9 million).<br/><br/> The eligibility

Marka stems losses, posts first ever profitable quarter
(Gulf News - 02/05/2018)

Marka has stemmed the heavy losses that have defined the majority of last year for the firm, posting its first profitable quarter since going public in 2014. The retailer reported a gross profit of Dh10.8 million in its first quarter of 2018, according

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