Almarai, the Saudi Arabia-based food manufacturer, has appointed deputy CEO Majed Nofal to the position of chief executive. Nofal has been at Almarai for 12 years. He was formerly the finance chief at ...

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), ...

Saudi industrial company Savola Group is considering options for selling its stake in Almarai Co., the largest Middle Eastern dairy company. This is reported by foreign media. Savola's 35% stake in ...

JEDDAH, 19 February 2006 -- The Saudi dairy giant Almarai Company is expanding its production capacity by acquiring Al-Safwa Dairies, the milk production and processing unit of Al-Jouf Agricultural ...

A fire has caused “significant damage” to a bakery plant in Saudi Arabia owned by local food group Almarai. The blaze at the site in Jeddah started on Thursday evening (9 October). Almarai said the ...

Saudi Arabia’s Almarai, the Gulf’s largest dairy company, reported a 13.4 per cent increase in third-quarter net profit on Sunday, slightly beating analysts’ forecasts as sales rose. Almarai made a ...

Saudi food producer Almarai saw its full-year profit rise 11.5% to US$445m, with total sales of US$3.35bn for the year. The firm saw increased sales in all business areas, and increased profit in all ...

Saudi Arabia’s Almarai, the Gulf’s largest dairy company, received 250 million riyals ($66.7 million) from an insurer in compensation for a fire at one of its bakeries, it said on Thursday. “This ...

Almarai, the Gulf’s largest dairy company, said the final amount of compensation it would receive from its insurer after a fire at one of its bakeries last year was 790 million riyals ($210.6 million) ...