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Kuwait Flour Mills Reports Record-breaking Profits, Highlights Growth Strategies - ARAB TIMES

Kuwait Flour Mills Reports Record-breaking Profits, Highlights Growth Strategies - ARAB TIMES
arabtimesonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabtimesonline.com Daily Mail and Mail on Sunday newspapers.

Saudi-based Almarai subsidiary completes Modern Food Industries acquisition for $67mln

All you need to know before Tadawul s opening bell on Tuesday

RIYADH: Saudi Arabia’s main index, TASI, ended higher for a second consecutive day in the previous trading session, up 0.37 percent to 12,249 points, as the earnings wave continued. The parallel market Nomu edged 0.14 percent lower to 25,281 points, led by glass manufacturer Obeikan on debut. Elsewhere in the Gulf, stock indexes of Abu Dhabi, Qatar, Oman, and Kuwait all closed

Almarai subsidiary completes Modern Food Industries acquisition for $67m

RIYADH: Saudi dairy giant Almarai Co. announced the acquisition of a 25 percent stake in Modern Food Industries by its subsidiary, Western Bakeries Co., for SR250 million ($67 million). The acquisition makes Almarai Co. the full owner of Modern Food Industries, according to Saudi exchange Tadawul. Through this acquisition, the company will gain a stronger position in the food

Saudi Arabia s Almarai unit expands stake in Modern Food Industry to 75%

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