Savola Group is reportedly considering selling its stake in Saudi Arabian peer Almarai Co. Citing unnamed sources, Bloomberg has reported Savola Group is working with US investment bank Moelis & Co.

Saudi Arabian food and beverage group Almarai has agreed to acquire local bottled-water business Pure Beverages Industry Company for SR1.04 ($277m). In a stock-exchange filing yesterday (15 June), ...

Almarai, the Saudi Arabia-based food manufacturer, has appointed deputy CEO Majed Nofal to the position of chief executive. Nofal has been at Almarai for 12 years. He was formerly the finance chief at ...

Almarai, the Middle East’s leading dairy and food company, has selected leading Swiss packaging systems group SIG as a strategic partner for its five-year expansion plan aimed at strengthening market ...

Dairy producer, Almarai has extended its support to the Emirates Environmental Group (EEG) by teaming up for a comprehensive environmental campaign. The campaign combines a program of environmental ...

Almarai Co.’s top investor confirmed that it’s exploring options for its $5.3 billion holding in the Middle East’s largest dairy firm, in what could be one of the region’s biggest merger and ...

Prior to this, he was the Executive VP for Bakery, a post which he had been holding since 2015. Saudi Arabia's Almarai Company, the largest dairy firm in the GCC by market value, has appointed ...

Saudi’s Western Bakery and International Baking Services, two Almarai Group companies have deployed SAP ERP to improve financial management and operations. The two companies, part of the Almarai Group ...

KARACHI: The Almarai Company, Saudi Arabia’s largest producer of packaged dairy products, is looking to enter the Pakistani market and is likely to do so through an acquisition, according to people ...

Alois Hofbauer, expressed his pleasure at Premier Foods team joining Almarai family, wishing them further success and calling for consolidation of efforts to uphold the company's deserved stature in ...

DUBAI: Saudi-based Savola Group has raised its stake in fellow Saudi food firm Almarai Co to 36.5 percent by purchasing shares worth 2 billion riyals ($533 million), Savola said in a statement on ...