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FINANCIAL NEWS
Saudi’s Almarai to undertake USD5.6b investment plan
26 May 2015
(MENAFN) Saudi Arabia’s Almarai is ready to undertake an implementation of a USD5.6 billion capital investment plan for the next five years, a corporate statement said, Reuters reported.
Almarai’s most recent plan will substitute the present USD4.18 billion plan set for the years from 2013 to 2017. The new plan will cover development projects in farming, manufacturing, distribution and logistics.
“The objectives set by the board include increasing further its presence in all segments and geographies where it operates, targeting to double consolidated sales, while improving the financial performance,” Almarai said in the statement.
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