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FINANCIAL NEWS
Saudi Almarai ups shareholding in IDJ to 52%
29 Mar 2012
(MENAFN) Saudi Almarai increased its stake in the International Dairy and Juice (IDJ), a joint venture with PepsiCo, Arabian Business reported.
The company said it increased its shareholding in IDJ to 52 percent from previously 48 percent, by investing USD22.4 million.
IDJ was created in February 2009 between Almarai and PepsiCo, focusing on new business opportunities in dairy and juice products out of GCC countries, in the Middle East, Africa and Southeast Asia.
Almarai made its latest acquisition deal in December when it bought Fondomonte which owns and operates farms in Argentina, to secure feed for its dairy herd and poultry businesses.
Last June, the company unveiled plans to invest USD1.1 billion in the poultry sector.
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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