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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.
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 ....
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 ....
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