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FINANCIAL NEWS
Cargill to enter Saudi Arabia’s starches and sweeteners business
24 Jan 2013
(MENAFN) US food processing commodity trader Cargill and Saudi agribusiness firm Arasco unveiled plans to set up a new starches and sweeteners joint venture in Saudi Arabia, Saudi Gazette reported.
The new joint venture company will take over Arasco’s existing corn milling facility in Al Kharj and will produce starch based products primarily for the GCC countries as well as Yemen, Iraq and Jordan.
The partnership aims to meet the growing demand across the confectionery, juice, bakery and catering segments in the region.
Arasco will have 80 percent of the venture, while Cargill will own the remainder once the deal, subject to regulatory approvals, is sealed.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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