| Make foodmate.com your Homepage | Wap | Archiver
Advanced Top
Search Promotion
Search Promotion
Post New Products
Post New Products
Business Center
Business Center
 
Current Position:Home » News » General News » Topic

Almarai to spend $5.59bn in food and beverage business by 2020

Zoom in font  Zoom out font Published: 2015-05-28  Views: 17
Core Tip: Saudi Arabian food company Almarai is planning to invest around SAR21bn ($5.59bn) to strengthen its food and beverage operations between 2016 and 2020.
The latest plans follow the company's previous plans to invest SAR15.7bn ($4.2bn) until 2017 to grow its business across dairy, bakery and poultry segments.

Almarai believes that the existing investment plan will not allow the company to achieve its goals.

The new investment plan will allow Almarai to reinforce its presence in all segments and geographies as well as double its revenues.

The company will expand its farming, manufacturing, distribution and logistics activities across all the segments.

Almarai plans to use its operating cash flows, bank facilities, and secure funds from Saudi Industrial Development Fund and Arab Development Fundas well as use its recently launched Sukuk program, an Islamic equivalent of bonds.

Almarai manufactures dairy and juice products under the Almarai brand; bakery products under the L'usine and 7 Days brands; and poultry products under the Alyoum brand.
 
 
[ News search ]  [ ]  [ Notify friends ]  [ Print ]  [ Close ]

 
 
0 in all [view all]  Related Comments

 
Hot Graphics
Hot News
Hot Topics
 
 
Powered by Global FoodMate
Message Center(0)