Almarai will invest almost $5bn in the next five years as it looks to expand into new sectors
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Almarai
Saudi food giant Almarai records 8% jump in profits as revenues rise
Almarai’s bakery category led the growth during the period, recording a 124.6 percent increase due to higher sales
Almarai
Saudi Almarai shares plunge after 12% profit drop in Q2
CEO Alois Hofbauer resigned from the food giant after three months in the role
Alamar Foods
Saudi dairy giant Almarai completes $28m deal to buy food firm
Saudi-based Almarai has completed its acquisition of Premier Foods from Alamar Foods
Al Safi
Dubai denies claims of cattle being injecting with milk-inducing hormones
Municipality also refuted rumours claiming some Oreo biscuits sold in the UAE contain alcohol
AI innovation
Saudi dairy giant plans $1.9bn investments in growth, innovation
Almarai, the Middle East’s biggest dairy producer, has approved a new five-year business plan with plans to invest $1.9bn
Almarai
Increased competition, costs sees Almarai report dip in Q3 profit
The Gulf’s largest dairy company said the most significant decline was in the dairy and juice category, which saw profits plummet 14.5% over the course of the quarter