Almarai Co (2280)

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News

13 September 2017 11:10 AM Savola to sell 2% of its stake in Al Marai

Riyadh – Mubasher: Savola Group completed on Tuesday, 12 September the bookbuilding process to sell 16 million shares of its stake in Al Marai, representing 2% of capital, at SAR 70 per share, at SAR 1.12 billion ($300 million). The selling …

Companies Investments

3 August 2017 11:51 AM Two private transactions on Tadawul reach SAR 23m on Thursday

Riyadh – Mubasher: Two private transactions were conducted on some stocks on the Saudi Stock Exchange (Tadawul), after 697,800 shares were exchanged at a trading value of SAR 22.8 million. One transaction was carried out on Saudi Arabian Mining …

Trading Activities

24 July 2017 03:36 PM Private transaction on Al Marai posts SAR 249m

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Monday registered one private transaction on Al Marai’s stock at a value of SAR 249 million, according to recent data. The transaction included 3 million shares at a value of SAR 83 each. By …

Stock Evaluations

23 July 2017 10:59 AM Almarai Q2 net profit grows 2.4%

Riyadh – Mubasher: Almarai recorded a rise of 2.38% in net profits to SAR 674.1 million during the second quarter of 2017, compared to SAR 658.4 million in the same quarter a year ago. The growth in Q2 earnings is attributed to lower cost of …

Financial Results

12 July 2017 05:09 PM Almarai profits to rise 6% in Q2 – Riyad Capital

Riyadh – Mubasher: Riyad Capital expects that Almarai’s profits will increase 6% to reach SAR 668 million ($178.13 million) in the second quarter of 2017, which will help it reach SAR 2.12 billion during 2017. In a report, Riyad Capital forecast …

Company News

5 July 2017 05:31 PM Almarai profits to rise 5%, Savola to drop 15% in Q2 - Al Rajhi

Riyadh – Mubasher: Al Rajhi Capital expects the profits of Almarai to increase in the second quarter of 2017 due to the strong performance of its departments in Ramadan, while Savola Group, Herfy Food Services Co, and Saudi Airline Catering Co are …

Financial Results

15 June 2017 06:22 PM Saudi CMA OKs Almarai capital hike to SAR 10bn

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) on Thursday approved a request by Almarai Company to increase its capital to SAR 10 billion from SAR 8 billion through the issuance of bonus shares, according to a bourse filing. Almarai …

Ratings

11 June 2017 00:43 PM Almarai’s stock jumps to all-time high Sunday

Riyadh – Mubasher: Almarai’s stock continued its positive performance on Sunday, registering its fourth straight gain and surging to its highest level since listing in August 2005. By 12:41 pm Saudi time, Almarai’s stock grew 1.8% to SAR 83.30 on …

Trading Activities

10 June 2017 07:38 PM Almarai to invest SAR12.5bn in next 5 years

Riyadh - Mubasher: Almarai has announced that the Board of Directors (BOD) has carried out a review of the five-year plan for the period 2018-2022 in its latest meeting. The capital investment foreseen during the period is estimated to be SAR 12.5 …

Companies Investments

8 June 2017 09:59 AM Al Marai proposes 25% capital raise via bonus shares

Riyadh – Mubasher: Al Marai’s board of directors has recommended to increase the company’s capital by 25% to SAR 10 billion from SAR 8 billion via distributing 1-for-4 bonus shares. Thus, the number of shares will increase from 800 million to 1 …

Corporate Actions

23 April 2017 03:09 PM Al Marai revenues rise in KSA, GCC

Riyadh – Mubasher: Al Marai Company said its revenues increased in Saudi Arabia and the GCC by 4.7% and 2.1%, respectively, according to a bourse statement. The company’s revenues decreased in other countries by 33.8% year-on-year in the first …

Financial Results

23 April 2017 09:06 AM Almarai posts higher Q1 profits on lower expenses

Riyadh – Mubasher: Almarai Company reported a 13.7% year-on-year rise in its profits during the first quarter of 2017, according to a bourse statement. Profits reached SAR 328.3 million ($87.42 million) in Q1-17, compared to SAR 288.7 million …

Financial Results

28 March 2017 09:15 AM Almarai to expand in neighbouring countries – Chairman

Riyadh – Mubasher: Almarai is able to respond to business challenges in 2017, the company’s chairman said. Sultan Bin Mohammad Alkabir added that the firm has expansion plans in a number of neighbouring countries to boost its investments. Almarai …

Companies Investments

27 March 2017 08:50 AM Almarai approves 9% dividends for FY16

Riyadh – Mubasher: Almarai said its extraordinary general meeting (EGM) gave a nod on Sunday to a 9% cash dividend, or 90 halalas, for the fiscal year 2016, according to a bourse statement. Total dividend payout amounts to SAR 720 million for …

Cash Dividends

26 March 2017 11:08 AM Al Rajhi Capital: Q1-17 to be “decent” for most KSA sectors

Riyadh – Mubasher: Al Rajhi Capital expected that the first quarter of the year would be good for most sectors. The investment’s firm expectations included improvement in petchem spreads, repricing of loans, lower cost of deposits, and …

Stock Evaluations

15 January 2017 03:45 PM NCBC set Al Marai PT at SAR52.7/shr

Riyadh - Mubasher: NCB Capital placed a Neutral rating on the stock of Al Marai with a price target (PT) of SAR 52.7 per share, which is lowest than the stock’s current price at SAR 69, according to a recent report. As per the report, Al Marai saw …

Ratings

15 January 2017 03:14 PM Al-Rajhi Capital maintains TP for Al-Marai

Riyadh - Mubasher: Al Rajhi Capital maintained their target price for Al Marai at SAR 61.4 per share, with a neutral rating, according to a recent report. Al Marai's revenues in the fourth quarter of 2016 came below estimates due to a 2.4% …

Ratings

15 January 2017 08:54 AM Almarai sees higher Q4 profits

Riyadh – Mubasher: Almarai posted a 0.99% rise year-on-year in its profits during the fourth quarter of 2016, according to a bourse statement. Profits reached SAR 488.5 million ($130.27 million) in Q4-16, compared to SAR 483.7 million ($129 …

Financial Results

29 December 2016 00:03 PM Almarai profits to reach SAR 567m in Q4 - Riyad Capital

Riyadh – Mubasher: Riyad Capital expected that Almarai profits would reach SAR 567 million in Q4-16, with a 17% year-on-year growth, leading to full year earnings to SAR 2.2 billion, a record high for Almarai. "Dividend yield of 1.6% coupled with …

Cash Dividends

6 December 2016 07:05 PM Almarai to distribute dividends at SAR0.9/shr

Riyadh - Mubasher: The board of Almarai Company decided during its meeting on Tuesday to recommend to the distribution of cash dividends for 2016 at SAR 0.9 per share of 9% of capital, according to a bourse filing. Distributed dividends will total …

Board of Directors

29 November 2016 01:10 PM Samnan Petroleum to supply Al Marai with electronic diesel pumps

Riyadh – Mubasher: Samnan Petroleum Services signed a contract with Al Marai to supply electronic diesel pumps to implement an electronic fuel station, Alriyadh newspaper reported. The station consists of two strategic storage units at a capacity …

Companies Investments

24 November 2016 11:24 AM Saudi company sells 45.6m shares in Al Marai

Riyadh – Mubasher: Abdul Aziz O. Al Omran Co. sold 45.6 million shares in, Saudi listed firm, Al Marai for SAR 2.7 billion, according Okaz newspaper. Al Omran will direct the sales proceeds towards investments at different sectors in the framework …

Trading Activities

24 November 2016 09:20 AM Al Marai chairman reduces stake by 5%

Riyadh – Mubasher: The equity ownership of Al Marai showed that the chairman Sultan Bin Mohammad Bin Saud Alkabir Al Saud has sold 5% of his stake in the company. Thus, the chairman’s share in Al Marai shrank to 23.69% from 28.69% by the end of …

Trading Activities

13 October 2016 11:25 AM Al-Rajhi maintains 'Neutral' rating on Al Marai

Mubasher: Al-Rajhi Capital Research kept its  'Neutral' recommendation on Al Marai with the same target price of SAR 60, according to a report on Thursday. Al Marai reported a strong margin performance in third quarter of 2016 that is likely to …

Ratings

10 October 2016 01:56 PM Al-Rajhi Capital ups Almarai TP to SAR60/shr

Riyadh – Mubasher Al-Rajhi Capital Research said it upgraded its target price for Almarai to SAR60 per share from SAR59 per share, while maintained its neutral rating. Almarai continues to benefit from significant margin tailwinds, led by lower …

Stock Evaluations