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FINANCIAL NEWS
Saudi Almarai set to produce baby nutrition
29 Apr 2012
(MENAFN) Saudi Arabia’s largest food producer by market value Almarai is set to start producing infant formula next month through the International Pediatric Nutrition Co (IPNC), a joint venture with Mead Johnson, Arabian Business reported.
The company confirmed the completion of the construction of the new factory
in Al Kharj, scheduled to start producing in May.
Almarai added that a series of rigorous quality checks and verification processes would take place prior to production.
Last month, Almarai said it had raised its stake in a joint venture with PepsiCo to 52 percent from 48 percent.
Almarai last month reported a 2.9 percent increase in first-quarter profit to USD64.5 million from USD62.7 million a year earlier.
More News
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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