Saudi Arabia

Saudi Arabia's Almarai has recorded its weakest quarterly earnings in a year following strong acquisition investments in 2009. Headline first quarter (three months to March 31 2010)... 2010-04-14

Saudi Arabian mass grocery retailer (MGR) Al-Othaim has reported a 10% year-on-year (y-o-y) increase in 2009 annual sales revenue to SAR3.1bn (US$803mn), largely off the back of organic... 2010-02-15

Saudi Arabia's Almarai, one of the Gulf region's largest dairy companies by market capitalisation, has reported year-end earnings of SAR1.1bn (US$290mn) for the 12 months to December... 2010-01-20

Diversified Saudi conglomerate Savola Group has reported a 371.3% year-on-year (y-o-y) increase in calendar year-end headline earnings to SAR952mn (US$253.9mn). Per share earnings... 2010-01-18

Diversified Saudi Arabian conglomerate Savola has decided against investing in Turkey after withdrawing bids for six sugar mills put up for sale by the government. Deeming the projects... 2009-12-21

After holding prices steady for the past 30 years, PepsiCo has increased the cost of a can of soda in Saudi Arabia by close to 50%, to US$0.40, on the back of a sustained spike in... 2009-12-14

New Zealand dairy company Fonterra is reportedly in talks to acquire the outstanding 51% stake in its Saudi joint venture partner Saudi New Zealand Dairy Products Company from Saudi... 2009-12-10

Saudi Arabia's Aujan, the largest privately owned soft drinks firm in the Gulf - with group sales expected at US$600mn in 2009 - has announced that it will invest US$100mn in Iraq... 2009-11-24

Having spent big in 2009, the ambitious Saudi dairy giant Almarai is showing little sign of letting up. According to a report in the Al Madina newspaper that quotes Almarai executive... 2009-11-17

UAE-based conglomerate EMKE Group, owner of the Emirate's market leading Lulu brand of supermarkets and hypermarkets, has launched its first hypermarket in Saudi Arabia. Expected... 2009-11-10