Cover Story
| Home | GCC | World | Industries | Markets | Opinion | Interviews | Photos | Video | Lists | Lifestyle | StartUp | Topics | Jobs | Property | Smart TV |
EDITION:
YOU ARE NOT LOGGED IN:
Help, I forgot my username and/or password
Retrieve password form
LANGUAGE:
22 May 2013 Updated at 9:15 PM UAE
Almarai Company - Saudi Arabia
Almarai Co, the largest dairy company in Saudi Arabia by market value, operates dairy farms and processes food, in addition to marketing dairy products and fruit juices. The name Almarai means ‘green pastures’ in Arabic.
The firm began 2009 in bold fashion as it looks to consolidate its presence in the Kingdom and expand overseas. It announced in February it was entering into a joint venture with drinks giant PepsiCo to invest in dairy and juice processors in the Middle East, South East Asia and Africa. Known as International Dairy and Juice, the venture will be 52 percent owned by PepsiCo and 48 percent by Almarai.
A month later, Almarai announced it would invest $173m to build a baby-formula food plant. The company would start selling baby-food products within 18 months of the investment, it said in a statement.
The firm began 2009 in bold fashion as it looks to consolidate its presence in the Kingdom and expand overseas. It announced in February it was entering into a joint venture with drinks giant PepsiCo to invest in dairy and juice processors in the Middle East, South East Asia and Africa. Known as International Dairy and Juice, the venture will be 52 percent owned by PepsiCo and 48 percent by Almarai.
A month later, Almarai announced it would invest $173m to build a baby-formula food plant. The company would start selling baby-food products within 18 months of the investment, it said in a statement.
More about the company
Address: Exit 7, North Circle Road, Al Izdihar District PO Box 8524 , Riyadh, SAUDI ARABIAAlmarai
Joint stock
1976
Public
Related articles
Saudi dairy firm Almarai sells $347m sukuk
Monday, 1 April 2013 5:16 PMThe issue attracted orders worth SAR2.4bn from institutional investors
Saudi dairy firm Almarai to issue private sukuk
Monday, 5 November 2012 12:06 PMFirst tranche of sukuk in March this year raised US$266.6m and was 4.7 times oversubscribed
Saudi Almarai Q3 profit up 4.7 pct, below forecasts
Monday, 8 October 2012 11:24 AMSaudi Arabia's biggest listed food company by market value said Q3 earnings were ($120 million
Saudi's Almarai buys Argentina farming firm in $83m deal
Wednesday, 21 December 2011 11:25 AMGulf's biggest dairy firm by market value aims to secure feed for its dairy herd, poultry businesses
Saudi's Almarai forced to reduce cost of milk and laban
Monday, 11 July 2011 3:11 PMDiary producer to cut costs with immediate effect following warning from Saudi’s ministry of commerce and industry
Saudi slips, Almarai weighs on downbeat Q1
Tuesday, 5 April 2011 5:30 PMMost bluechips on Dubai's index marked losses with no gains in top nine stocks
Saudi Electric falls on dividend
Tuesday, 5 April 2011 1:34 PMIndex slips 0.03% to 6,604 points in third session losses; Gulf markets mixed in early trade
Saudi consumer firms to gain from welfare spend, AlembicHC says
Monday, 4 April 2011 3:37 PMBrokerage named Jarir Marketing Company as its top Saudi consumer pick
Saudi ministers ban dairy exports to help conserve water
Tuesday, 2 February 2010 7:29 AMOfficials say water resource should be used for greater good of the kingdom.
Saudi dairy giant Almarai posts 13.5% rise in Q4 profit
Wednesday, 20 January 2010 10:42 AMHigher sales helped boost profits, but the firm's actual results miss analysts' forecasts.
Saudi Almarai eyes 50% of Egypt dairy market by 2013
Tuesday, 17 November 2009 12:16 PMMiddle east's dairy giant to invest $18.3m to bring its buyout, Beyti's units to full capacity.
Saudi's Almarai Q3 profit rises 24%
Saturday, 10 October 2009 10:27 AMGulf region's largest dairy company boosts profits despite slowdown in sales in third quarter of 2009.
Saudi watchdog okays Almarai's $253.2m bid for Hadco
Saturday, 12 September 2009 11:58 AMAlmarai-Hail Agricultural Development Co merger to be decided by shareholders.
Saudi Almarai, Hadco agree on takeover terms
Wednesday, 1 July 2009 9:12 PMUPDATE 2: Deal provides Almarai entry into the lucrative Saudi poultry business.
Almarai sweetens offer for Hadco
Saturday, 9 May 2009 9:45 PMUPDATE 1: Gulf's largest dairy firm ups share swap offer for agribusiness Hadco by almost 38%.
Saudi firms in $40m farm investments abroad
Sunday, 29 March 2009 2:27 PMConsortium called Jenat to spend $18.67m to plant barley, wheat and livestock feed in Egypt.
ING advises now the time to buy shares
Sunday, 21 December 2008 11:02 PMAdvice is avoid real estate and go for firms with low debt and no capital-intensive projects.
SAP planning to lift Western’s efficiency
Monday, 24 November 2008 12:19 PMSaudi Arabia’s Almarai Group has implemented SAP’s flagship enterprise resource planning application (ERP) at its companies Western Bakery and International Baking Services.
Almarai seeks share swap in farm firm takeover
Saturday, 8 November 2008 12:36 PMUPDATE 1: Gulf's largest dairy firm offers one new share for six of Hail Agricultural.
Western Bakery aligns ERP with Almarai
Saturday, 8 November 2008 12:00 AMWestern Bakery and International Baking Services deploy SAP ERP to integrate with parent company
Officers »
| Board of Directors | Position |
Sultan Bin Mohammed Bin Saud Al Kabeer Al Saud |
Chairman |
Abdulrahman Bin Abdulaziz Al Muhanna |
Board Member |
Mousa Omran Al Omran |
Board Member |
Mohammed Al Damer |
Board Member |
Nasser Al Muttawa |
Board Member |
| Management | Position |
Abdulrahman Bin Abdulaziz Al Muhanna |
Managing Director |
Abdulrahman Al Fadley |
Chief Executive Officer |
Georges Schorderet |
Chief Financial Officer |
Hassam Abdulqader |
General Manager - Marketing |
Andrew Mackie |
General Manager - Farming |
| Advisors | Position |
Mohamed Ahmed Tahir |
Legal Counsel |
Major Shareholders
| Name | Country |
Savola Group |
Saudi Arabia |
HH PrinceSultan Bin Mohammed Bin Saud Al Kabeer Al Saud |
Saudi Arabia |
Most Popular
Visit other ITP Publishing Group sites
- AhlanLive.com
- ArabianBusiness.com/Arabic
- ArabianBusiness.com/Jobs
- ArabianBusiness.com/property
- ArabianIndustry.com
- ArabianOilAndGas.com
- ArabianSupplyChain.com
- ArabianTravelNews.net
- AviationBusinessME.com
- CommsMEA.com
- ConstructionWeekOnline.com
- ConstructionWeekOnline.in
- DesignMENA.com
- DigitalProductionme.com
- HotelierIndia.com
- HotelierMiddleeast.com
- ITP.com
- ITP.net (English / Arabic)
- Masala.com
- TimeOutAbuDhabi.com
- TimeOutBahrain.com
- TimeOutDubai.com
- TimeOutDoha.com
- TimeoutTickets.com
- Utilities-ME.com
- VivaMagazine.ae
Associated Events
- Arabian Business Awards, Qatar
- Arabian Business Awards, Kuwait
- Arabian Business Conference
- Architect Awards
- Arabian Business Awards, Dubai, 2011
- Arabian Business Awards, KSA, 2010
- CEO Awards
- CID Awards
- CW Awards
- FM Awards
- Hotelier Awards
- MEP Awards
- Supply Chain and Transport Awards
- Time Out Dubai Nightlife Awards
- Time Out Restaurant Awards (Abu Dhabi / Dubai)
Subscriptions
Partner sites:
RSS Feeds »
Banking & Finance- Construction
- Travel & Hospitality
- Real Estate
- Technology
- Energy
- Media
- Retail
- Healthcare
- Education
- Transport
Press Releases
Tenders
-
Published by & ©
- Privacy policy
- Terms of use
- Contact us
- Subscribe
- Media kit
- Advertise With Us
- Press Releases