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FINANCIAL NEWS
Saudi Almarai reports USD106m profit in Q2
08 Jul 2013
(MENAFN) Saudi food producer Almarai Co reported a 5 percent growth in quarterly profits on higher dairy, juice and bakery sales, Bloomberg reported.
The company said it made USD106 million in the second quarter, up from USD101.3 million achieved a year earlier.
Saudi Arabia’s largest food producer has a USD4.2 billion, five-year investment program to boost output and develop products.
In May, CFO Paul-Louis Gay unveiled plans to tap global debt markets in the next 12 months for about USD500 million as it seeks to expand its business in the US, Argentina and Ukraine, adding the debt may be an Islamic bond or a hybrid.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
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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