Saudi Arabia

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

Saudi Arabian diversified conglomerate Savola looks set to outperform year-end consensus projections after raising its profit forecast by more than 5% on the back of a stellar third... 2009-10-20

Diversified Saudi conglomerate Savola has further strengthened its market leadership of the kingdom's mass grocery retail (MGR) industry after completing the acquisition of the Geant... 2009-10-13

Saudi Arabia's leading dairy firm Almarai has reported a 23.7% year-on-year (y-o-y) increase in third quarter net income to SAR363.4mn (US$96.9mn). It is believed that Almarai's headline... 2009-10-12

With a population close to 25mn, Saudi Arabia is comfortably the Gulf region's largest market. Although it does not possess the disposable income strength of many of its smaller but... 2009-10-09

UAE-based conglomerate EMKE Group, owner of the Emirate's market leading Lulu fascia of supermarkets and hypermarket, has announced mega expansion plans through to 2010. According... 2009-08-24

Saudi Arabia-based diversified conglomerate Savola Group has further bolstered its market leadership of the kingdom's mass grocery retail (MGR) industry after it reached an agreement... 2009-07-29

Saudi Arabia's leading dairy company, Almarai, looks set to continue expanding at breakneck speed. Fresh from the July 2009 acqusitison of leading Saudi poultry company Hail Agricultural... 2009-07-23

Saudi Arabia's Savola Group reports that its Q209 (through to June 30 2009) year-on-year (y-o-y) earnings dipped 17.5% to SAR212.5mn (US$57mn). The company blames much of the dip... 2009-07-20