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FINANCIAL NEWS
Fonterra buys $32m diary factory in Dammam
27 Apr 2010
(MENAFN) Fonterra, the world?s largest dairy processor, announced that it has recently acquired the Saudi New Zealand Milk Products (SNZMP) dairy factory in Dammam for $32 million, Reuters reported.
New Zealand?s Minister of Trade Tim Groser said that the GCC holds increasing importance for New Zealand, which is investigating new opportunities for trade and investment in the region.
Fonterra previously owned a 49 percent stake in the SNZMP dairy manufacturing factory with former joint-venture partner Saudia Dairy and Foodstuff Company (SADAFCO), which owned the remaining 51 percent stake.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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