Almarai Co (ALMARAI) News - Mubasher Info
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05 April 05:21 AM

Almarai Co (2280)

Last update: 2 April 03:17 PM market time.
43.94
0.24
0.55%
Open 43.60
Previous Close 43.70
High 44.22
Low 43.60
Stock Statistics
Volume 437,871
Turnover 19,266,013.56
All data are 15 minutes late during market session

News

Aljazira Capital remained ‘Neutral’ on Almarai’s stock
18 April 2021 03:48 PM Almarai’s results likely to hover at low-single digits in 2021 – Aljazira Capital
Riyadh – Mubasher: Aljazira Capital expected Almarai Company’s revenue and profit growth to hover at the low-single digits during 2021, on higher value-added tax (VAT) implementation and lower subsidy, besides higher demand in 2020 that were …
Stock Evaluations
Almarai will distribute SAR 1 per share as dividends
14 April 2021 01:26 PM Almarai to pay dividends worth SAR 1bn for 2020
Riyadh – Mubasher: Almarai Company’s shareholders approved a cash dividend payout of SAR 1 billion for 2020, according to a bourse disclosure on Wednesday. The company will distribute SAR 1 per share to the eligible shareholders starting 21 April, …
Cash Dividends
Buying the shares will be financed by Almarai’s own resources
14 April 2021 11:50 AM Almarai’s shareholders nod to allocating 10m shares for ESOP
Riyadh – Mubasher: The shareholders of Almarai Company approved during an extraordinary general meeting to purchase up to 10 million shares to earmark them for the Employee Stock Ownership Plan (ESOP). Buying the shares will be financed by …
General Assembly
Ipsos' survey showed the 2020 biggest movers ranking
8 April 2021 02:35 PM Listed firms among top 10 most influential brands in Saudi Arabia
Riyadh – Mubasher: Saudi Telecom Company (stc), Almarai, and Al Rajhi Bank were chosen as the top three most influential local brands in Saudi Arabia during 2020, according to a recent survey by Ipsos. Jarir Bookstore and Etihad Etisalat Company …
Ratings
Almarai will finance the acquisition from its operating cash flow
16 March 2021 11:34 AM Almarai acquires Bakemart in UAE, Bahrain for AED 93.5m
Riyadh - Mubasher: Almarai Company has signed a sale and purchase agreement to acquire all shares in Bakemart UAE and Bakemart Bahrain for an enterprise value of AED 93.5 million ($25.5 million) Bakemart's businesses focus on the manufacturing and …
Companies Investments
Almarai posted SAR 1.98 billion in net earnings in 2020.
24 January 2021 09:03 AM Almarai reports 7.7% higher profit in Q4
Riyadh – Mubasher: Almarai Company reported SAR 335.9 million in net profits during the fourth quarter (Q4) of 2020, up by 7.7% on a year-on-year (YoY) basis. The growth in profits was boosted by higher revenues and lower financing costs, selling …
Financial Results
The proposed dividend amount is equivalent to SAR 1 per share.
15 December 2020 10:41 AM Almarai’s board recommends SAR 1/shr dividends for FY20
Riyadh – Mubasher: The board of Almarai Company recommended distributing cash dividends of SAR 1 billion to shareholders for fiscal year (FY) 2020. The amount is equivalent to SAR 1 per share or 10% of the share’s par value, according to a bourse …
Board of Directors
Al Issa has been one of the members of Almarai's board
17 November 2020 11:49 AM Almarai appoints new managing director; CEO resigns
Riyadh – Mubasher: The board of Almarai Company has decided to appoint Bader Abdullah Al Issa as a managing director, according to the company's disclosure to the Saudi Stock Exchange (Tadawul) on Tuesday. This decision came after the board had …
Management Decisions
Photo Archive
15 November 2020 01:48 PM Food sector profits in KSA grow 13.8% in Q3
Riyadh – Mubasher: Net earnings of eleven Tadawul-listed food companies grew by 13.8% or SAR 107.39 million on a year-on-year (YoY) basis in the third quarter (Q3) of 2020. Combined profits of the Saudi food sector netted SAR 885.81 million in the …
Financial Results
The final Forbes list is composed of 750 multinational and large corporations headquartered in 45 countries.
19 October 2020 01:15 PM Saudi Aramco ranked 1st regionally in Forbes "World's Best Employers" list; 26th globally
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has secured the first spot regionally and the 26th spot globally on Forbes’ fourth-annual list of the World’s Best Employers for 2020. Forbes said it partnered with market research …
Global Economy
Photo Archive
13 October 2020 04:07 PM Almarai needs to accelerate growth plans leveraging smart technologies –CEO
Riyadh – Mubasher: Almarai Company’s CEO, Majed Nofal, said that the company needs to accelerate its growth plans and optimise operations leveraging smart technologies in an attempt to meet the growing food and beverages demand in the Middle East …
Companies Investments
Revenue amounted to SAR 3.86 billion in Q3-20.
4 October 2020 09:34 AM Almarai Q3 profit soars to SAR 621.5m
Riyadh – Mubasher: Almarai Company registered SAR 621.5 million worth of net profits in the third quarter (Q3) of 2020, up by 6.9% from SAR 581.2 million in the year-ago quarter. Revenue amounted to SAR 3.86 billion in Q3-20, an increase of 8.1% …
Financial Results
Almarai is seen to record lower earnings in the second half of 2020
9 July 2020 03:42 PM Al Rajhi Capital sets TP of Almarai at SAR 51/shr
Riyadh – Mubasher: Al Rajhi Capital has set the target price (TP) of the Tadawul-listed Almarai Company at SAR 51 per share, with a ‘Neutral’ recommendation. Almarai is seen to record lower earnings in the second half (H2) of 2020 when compared to …
Stock Evaluations
The H1-20 net profits stood at SAR 643.9 million
5 July 2020 09:20 AM Almarai sees 10.5% higher earnings in H1-20
Riyadh – Mubasher: Almarai Company on Sunday reported SAR 643.9 million in net profits after Zakat and tax during the first half (H1) ended on 30 June 2020, up by 10.54% when compared to SAR 582.5 million in the same period in 2019, as shown in …
Financial Results
The board agreed on developing grandparent farming and production facilities
7 April 2020 03:30 PM Almarai's board agrees on investing SAR 275m in poultry sector
Riyadh – Mubasher: The board of Almarai Company has approved a plan to invest SAR 275 million in expanding the existing processing facilities of the poultry segment. As part of the expansion, the board also agreed on developing grandparent farming …
Corporate Actions
The dividends will be paid as of Sunday, 13 April 2020
6 April 2020 10:20 AM Almarai approves SAR 0.85/shr dividends for 2019
Riyadh – Mubasher: Almarai Company’s extraordinary general meeting (OGM) approved cash dividends worth SAR 850 million or 85 halalas per share to shareholders for the fiscal year (FY) 2019. Shareholders entitled to dividends include those owning …
Board of Directors
The company's sales reached SAR 3.592 billion in the Q1-2020
5 April 2020 11:14 AM Almarai reports 14% higher net profits in Q1-20
Riyadh – Mubasher: Almarai Company has reported a 14% increase in net profits after zakat and tax to SAR 383 million during the first quarter of 2020, compared to SAR 336 million in the same period of 2019, the company's condensed consolidated …
Financial Results
The redeemed Sukuk represents 100% of the total issued Sukuk
1 April 2020 04:13 PM Almarai fully redeems SAR 787m second Sukuk issuance
Riyadh – Mubasher: Almarai Company fully redeemed the second Sukuk issuance at a total value of SAR 787 million on 31 March, according to the company's disclosure to the Saudi Stock Exchange (Tadawul) on Wednesday. The redeemed Sukuk represents …
Sukuk and Islamic Finance
Nayef bin Saud Al Kabeer was named the new chairman
10 March 2020 11:39 AM Almarai Company’s chairman resigns
Riyadh – Mubasher: Almarai Company announced the resignation of its non-executive chairman Sultan bin Mohammed bin Saud Al Kabeer with immediate effect, citing personal reasons. The Saudi company’s board of directors decided to appoint Nayef bin …
Board of Directors
EBRD invested over EUR 7.6bn in Egypt, Jordan
19 February 2020 05:56 PM EBRD funds Almarai’s business in Egypt, Jordan
Riyadh – Mubasher: The European Bank for Reconstruction and Development (EBRD) has announced that it will provide a $100 million loan to food and beverages producer Almarai Company for new investments in Egypt and Jordan, according to a statement …
Banking and Finance
Almarai’s revenue may grow by 7% YoY in 2020
5 February 2020 09:26 PM Al Rajhi Capital cuts Almarai’s TP, remains ‘Neutral’ on stock
Riyadh – Mubasher: Al Rajhi Capital has reduced the target price (TP) of the Tadawul-listed company Almarai Company to SAR 50 per share from SAR 51, with ‘Neutral’ recommendation, according to report released on Wednesday. The report expects …
Stock Evaluations
The two brands scored 84.5 and 80.5 points
24 January 2020 05:15 PM Emirates Airlines, Emaar named best brands in UAE for 2019
UAE – Mubasher: Emirates Airlines and Emaar have topped the YouGov Brand Index as the best and most reliable brands in the UAE during 2019. The two brands scored 84.5 and 80.5 points, respectively, in the overall ranking, according to a statement …
Companies Investments
Photo Archive
19 January 2020 11:20 AM Almarai annual profits down 10% in 2019
Riyadh – Mubasher: Almarai Company reported a 9.95% decline in net profits after zakat and tax last year to a total of SAR 1.811 billion in 2019, compared with SAR 2.012 billion in 2018. For the fourth quarter (Q4) of 2019, the company posted a …
Financial Results
The dividends will have a total amount of SAR 850 million
9 December 2019 11:26 AM Almarai to distribute SAR 0.85/shr
Riyadh – Mubasher: Almarai Company’s Board of Directors has recommended distributing cash dividends to shareholders for 2019 at SAR 0.85 per share, equivalent to 8.5% of the share’s par value. The dividends will have a total amount of SAR 850 …
Cash Dividends
The decision will be effective starting next year
9 December 2019 10:49 AM Almarai names Majed Nofal as CEO
Riyadh – Mubasher: The Board of Directors of Almarai Company announced the appointment of Majed Mazen Nofal as the company’s new CEO. The decision will be effective starting from the beginning of January 2020, according to a company statement to …
Board of Directors