Almarai sets five-year capital expenditure at $2.83bn

Almarai's investment programme will be financed through increasing operating cash flow and debt, including Islamic bonds
Almarai's investment programme will be financed through increasing operating cash flow and debt, including Islamic bonds
By Bloomberg
Sun 27 May 2018 11:14 AM

Almarai 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 region.

"The focus on efficiency and cost optimization measures will continue throughout the plan period to ensure continuous competitive advantage," the Riyadh-based company said in a statement.

The investment programme will be financed through increasing operating cash flow and debt, including Islamic bonds.

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Last Updated: Sun 27 May 2018 01:06 PM GST

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