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.
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
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BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
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BBK discloses its financial results for the first quarter ended 31st March 2025
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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