Almarai Co (2280)

Riyadh – Mubasher: Moody's Ratings has affirmed the ‘Baa3’ long-term issuer rating of Almarai Company and changed the outlook to positive from stable, according to a press release. The agency also maintained the ‘Baa3’ rating on the company's $750 …

Riyadh – Mubasher: The consolidated net profit of Almarai Company rose by 10.04% year-on-year (YoY) to SAR 1.31 billion during the first half (H1) of 2024 from SAR 1.19 billion. The company’s revenue grew by 7.65% YoY to SAR 10.61 billion in H1-24 …

Riyadh – Mubasher: Almarai Company partnered with Saudi Arabia's Social Development Bank to launch a new training programme for small catering businesses. Dubbed 'Almarai Chefs', the programme aims to empower and support owners of cooking projects …

Riyadh – Mubasher: Almarai Company has completed the acquisition of Etmam Logistics for SAR 182 million. Almarai said that the acquisition will enhance its capabilities to serve customers with an expanded range of frozen products across Saudi …

Riyadh – Mubasher: Almarai Company registered net profits valued at SAR 692.22 million in the first quarter (Q1) of 2024, up 9% from SAR 635.05 million in Q1-23. Revenues increased by 7.73% to SAR 5.45 billion in Q1-24 from SAR 5.06 billion as of …

Riyadh – Mubasher: The board of Almarai Company greenlighted a strategic plan for the five years ending on 31 December 2028, with an investment programme exceeding SAR 18 billion. The plan aims to enhance continuous growth, enlarge sales, and …

Riyadh – Mubasher: The net profits after Zakat and tax of Almarai Company surged by 16.43% year-on-year (YoY) to SAR 2.04 billion in 2023 from SAR 1.75 billion, according to the consolidated financial results. The Saudi firm posted revenues valued …

Riyadh – Mubasher: Almarai Company announced the board’s proposal to pay cash dividends to shareholders amounting to SAR  1 billion for 2023, according to a bourse disclosure. The Saudi firm will grant a dividend of SAR 1 per share, equivalent to …

Riyadh – Mubasher: Almarai Company recorded a 19.55% year-on-year (YoY) growth in net profit after Zakat and tax to SAR 1.67 billion during the first nine months (9M) of 2023, versus SAR 1.40 billion. The revenues hit SAR 14.65 billion during the …

Riyadh – Mubasher: The board members of Almarai Company approved an investment plan of SAR 405 million to further expand its fresh bakery capacity, including new products. The listed company intends to enter the frozen bakery segment in Saudi …

Riyadh – Mubasher:  Almarai Company has started the offering of its USD-denominated trust certificates at a par value of $200,000 under the $2 billion Trust Certificate Issuance Programme. Holding a tenor of 10 years, the offering will take place …

Riyadh – Mubasher: The net profits after Zakat and tax of Almarai Company hit SAR 1.19 billion in the first half (H1) of 2023, an annual jump of 26.71% from SAR 940.81 million. Almarai registered revenues amounting to SAR 9.85 billion in H1-23, …

Cairo – Mubasher: Beyti, a subsidiary of the Saudi Almarai Company, aims to generate sales of up to EGP 10 billion by the end of 2023. Tamer Naguib, Chief Commercial Officer (CCO) at Beyti, made the remarks in a press statement on 18 June, …

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Almarai Company approved cash dividends amounting to SAR 1 billion, equivalent to 10% of the share capital, for 2022. The Tadawul-listed firm will grant SAR 1 per share for 1 billion …

Riyadh – Mubasher: Almarai Company logged net profits after Zakat and tax worth SAR 635.95 million in the first quarter (Q1) of 2023, an annual leap of 50.51% from SAR 422.53 million. Revenues amounted to SAR 5.06 billion in the January-March 2023 …

Riyadh – Mubasher: Almarai Company witnessed a 12.55% year-on-year (YoY) growth in net profit after Zakat and tax to SAR 1.75 billion in 2022 from SAR 1.56 billion. The Tadawul-listed firm posted revenues worth SAR 18.72 billion in the …

Riyadh – Mubasher: The board of Almarai Company suggested a cash dividend distribution of SAR 1 per share, representing 10% of the share nominal value, for 2022. Under the board’s proposal which was made on 19 December 2022, Almarai would disburse …

Riyadh – Mubasher: Almarai Company plans to invest SAR 1.20 billion in Sakaka governorate in Al Jouf region to set up a poultry hatchery production facility. Almarai signed the agreement with the Saudi Ministry of Environment, Water, and …

Riyadh – Mubasher: Almarai Company has reported net profits after Zakat and tax worth SAR 1.40 billion in the first nine months (9M) of 2022, an annual surge of 9.94% from SAR 1.27 billion. The Saudi listed firm generated SAR 13.88 billion in …

Riyadh – Mubasher: Almarai Company has fully redeemed its SAR 1.60 billion Sukuk – Series V on 16 September 2022. Issued on 16 September 2015, a total of 1,600 Sukuk notes were redeemed at a par value of SAR 1 million each, according to a bourse …

Riyadh – Mubasher: Almarai Company has appointed Naif bin Sultan bin Mohammed bin Saud Alkabeer as the new Chairman of the board for the coming three years. The Saudi listed firm also named Suliman bin Abdulkader Al Muhaideb as the Vice Chairman, …

Riyadh – Mubasher: Almarai Company recorded an 8.40% year-on-year (YoY) increase in its net profits after Zakat and tax to SAR 940.81 million in the first half (H1) of 2022 from SAR 867.92 million, according to the company's consolidated interim …

Riyadh – Mubasher: The Saudi Exchange (Tadawul) will launch Single Stock Futures (SSFs) contracts on 4 July this year to enable the expansion of its Derivatives Market and products. The first tranche of the SSFs will be based on 10 listed …

Riyadh – Mubasher: The ordinary general meeting (OGM) of Almarai Company has approved a cash dividend distribution, equivalent to 10% of the company's capital, for 2021. The cash dividend payout stands at SAR 1 per share, aggregating at a total …

Riyadh – Mubasher: Almarai Company has generated net profits after Zakat and tax worth SAR 420.50 million during the first quarter (Q1) of 2022, up 8.96% from SAR 385.90 million in Q1-2021. During the January-March period in 2022, the revenues …