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10/10/2017 22:23 AST
SADAFCO has signed on 10 October 2017, a Non-Binding agreement with Mlekoma sp. Z.o.o. with its subsidiaries Foodexo sp. Z.o.o, & Mlekoma Dairy Z.o.o. in Poland to continue the due diligence process of acquiring a controlling stake and upon satisfactory completion of this process, sign a Binding Offer with Mlekoma Sp. Z.o.o and conclude the legal and financial formalities of acquisition.
The estimated Enterprise Value of acquisition is approximately SAR 120 million and will be finalized upon completion of the due diligence process.
SADAFCO considers this transaction as a strategic opportunity to invest in vertical (backward) integration, being a source of one of its key raw materials i.e. milk powder.
In accordance with regulations, should this process conclude, the company will make the necessary public announcements on further details of the transaction.
Tadawul
05/11/2017
Saudia Dairy and Foodstuff Company (Sadafco) said it is building two new warehouses in the cities of Jeddah and Tabuk as part of its expansion plans in the kingdom.
The projects, which are
Trade Arabia
26/10/2017
Despite the drop in overall consumption levels, Saudia Dairy and Foodstuff Company (Sadafco) achieved consistent net margins in Q2 2017 in line with the previous quarters this year and last year.
SADAFCO
01/08/2017
In spite of the overall market conditions, Saudia Dairy and Foodstuff Company (SADAFCO) has managed to deliver healthy net margins in Q1 2017 consistent with the previous quarter (Q4 2016) and the sa
Saudi Gazette
| Ticker | Price | Volume |
|---|---|---|
| MAADANIYAH | 18.00 | 151,342 |
| FIPCO | 45.05 | 42,576 |
| ASG | 0.00 | 0 |
| TRAFCO | 0.29 | 0 |
| SAUDIKAYAN | 6.74 | 2,338,843 |
| NEFTALSHARQ | 4.20 | 52,662 |
| ALINMARETAILREIT | 4.78 | 26,394 |
| Ticker | Price | Change |
|---|---|---|
| FADECO | 70.00 | -1.50 (-2.10 |
| ALMARAI | 58.10 | 0.10 (0.17 |
| SAVOLAGROUP | 39.60 | 0.25 (0.63 |
| BALADY | 350.40 | -9.60 (-2.67 |
| NADEC | 25.45 | 0.05 (0.19 |
14/09/2024
RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <
Saudi Gazette
12/09/2024
Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces
Arab News
04/05/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
Financial Information Co.
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