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FINANCIAL NEWS
Saudi Almarai buys USD47.5 m area in Arizona
10 Mar 2014
(MENAFN) Almarai has purchased 9.834 acres of farmland in Vicksburg, Arizona, US last week, according to Arab News.
The purchased area includes 3,604 acres of freehold land, 3080 acres of agriculture lease hold land and 3,150 acres of grazing lease hold land.
Almarai will pay as much as USD47.5 million for the area, and will finance the purchase from its own resources.
Through the purchase, Almarai’s aims to improve and secure its supply of the highest quality alfalfa hay from outside the Kingdom to support its dairy business.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
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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