Almarai Co. set its five-year capital investment at 10.6 billion riyals ($2.83 billion) as the Saudi dairy-farm operator and food producer navigates "persistent challenging economic conditions" in ...

The acquisition will be financed through the company’s internal cash flows and completion is subject to mandatory regulatory approvals. Image: Shutterstock Saudi Arabia’s Almarai Company is acquiring ...

Saudi Arabian food and beverage group Almarai has agreed to acquire local bottled-water business Pure Beverages Industry Company for SR1.04 ($277m). In a stock-exchange filing yesterday (15 June ...

DUBAI, March 18 (Reuters) - The Middle East's biggest dairy firm Almarai , opens new tab plans to spend over 18 billion riyals ($4.8 billion) through 2028 under a new plan aimed at boosting growth ...

Saudi Arabian food and beverage group Almarai’s planned acquisition of Jordan-based peer Hammoudeh Food Industries has fallen through. In a brief statement yesterday (17 March) on the Saudi ...

Almarai and PepsiCo announced a joint plan to invest US$345m in projects in Egypt over the next five years, taking advantage of the growing stability in the country. ... the additional funds would go ...

International Dairy and Juice Limited (IDJ), PepsiCo’s venture with Saudi-based dairy company Almarai, has bought a 75% stake in Jordanian dairy producer Teeba.

The combination of RISE with SAP and Google Cloud's sophisticated AI tools equips Almarai to effectively deploy generative AI technologies. The Middle East faces unique challenges in ensuring food ...

Saudi food producer Almarai announced a 22.4% rise in profits to reach US$141m for its second quarter, with increased sales, but also a US$87.5m write-down of its subsidiaries. The company booked ...

Brazilian meat giant JBS SA and Saudi company Almarai Co. are among companies vying to buy out Alwatania, the Middle East’s largest poultry producer, according to people familiar with the matter.

Saudi Arabian food and beverage company Almarai is set to raise $750 million from a sale of 10-year Islamic bonds that drew over $4 billion in orders, fixed income news service IFR said on Tuesday.

In 2024, Almarai generated revenue of SR20.98bn, up from SR19.58bn in 2023. Operating profit stood at just under SR3bn, versus SR2.69bn a year earlier. Net profit was SR2.31bn, against SR2.05 the ...