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Abdullah Al-Othaim moves up to rank 65th on Forbes Middle East Top 100 list

Abdullah Al-Othaim moves up to rank 65th on Forbes Middle East Top 100 list
arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.

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MIDEAST STOCKS Major Gulf stocks mixed in early trade, IHC lifts Abu Dhabi

Middle EastMIDEAST STOCKS Major Gulf stocks mixed in early trade, IHC lifts Abu Dhabi
Reuters
3 minute read
Major Gulf stock markets were mixed in early trade on Thursday, with stocks in Saudi Arabia and Dubai witnessing a fall, while Abu Dhabi index gained after aquaculture firm International Holding Company (IHC.AD) reported a higher quarterly profit.
Saudi Arabia s benchmark index (.TASI) was down 0.3% as Dr. Sulaiman Al-Habib Medical Services Group shed 0.7%.
Abdullah Al-Othaim Markets Company (4001.SE) declined nearly 4% to be the second biggest drag on the index. The food retailer reported more than 40% decrease in quarterly profit to 57.7 million riyals ($15.39 million). ....

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Abdullah Al Othaim consortium to acquire Saudi milling firm for $229m

Abdullah Al Othaim consortium to acquire Saudi milling firm for $229m
RIYADH, 6 hours, 13 minutes
ago
Saudi-based Abdullah Al Othaim Markets Company has announced that its consortium with Allana International and United Feed Manufacturing Company has signed a deal worth SR859 million ($229 million) with National Center for Privatization to acquire the Fourth Milling Company.

A joint venture agreement would be signed to organise the relations among the consortium members through a holding company that would be incorporated by the consortium members with equal shares, said the company in its filing to Saudi bourse Tadawul.

The acquisition transaction with National Center for Privatization will be self-financed from the consortium members, in addition to borrowing from local banks under the name of the holding company that will be incorporated, it stated. ....

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Abdullah Al Othaim in consortium awarded $229mln contract

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Saudi Arabia to raise $800m from privatization of two flour mills.

Saudi Arabia to raise $800m from privatization of two flour mills.
arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.

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