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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
18/02/2025
The Saudi Dairy and Food Products Company participated in the 12th Career Forum at King Abdulaziz University. The event took place from Feb. 2 to 6, under the patronage of Prince Saud bin Mishal bin
Arab News
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
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| FADECO | 85.00 | 0.00 (0.00 |
| ALMARAI | 55.10 | -1.00 (-1.79 |
| SAVOLAGROUP | 33.35 | -0.85 (-2.49 |
| BALADY | 313.00 | -33.00 (-9.54 |
| NADEC | 24.56 | 0.00 (0.00 |
10/03/2025
Doha Bank introduced a suite of exclusive offers for NRIs on their Visa Platinum Debit Card, delivering exceptional value across travel, lifestyle, dining, and retail. These carefully curated benefit
The Peninsula
10/03/2025
Saudi Awwal Bank has been awarded the Sustainability Program of the Year 2024 at the Capital Markets Forum (CMF), organized by the Saudi Stock Exchange Group (Tadawul).
This achievement make
Saudi Gazette
10/03/2025
Saudi Aramco has lowered its crude oil prices for Asian buyers in April, marking the first reduction in three months. This price cut aligns with market expectations and follows the decision by OPEC+
Arab News
09/03/2025
United Development Company (UDC), the master developer of The Pearl and Gewan Islands, has continued its global track record of accomplishments by securing three new Guinness World Records. This rema
The Peninsula
07/03/2025
Talabat Kuwait has denied rumors of a security breach, assuring customers and partners that all personal and payment information remains fully secure.
In an official statement, Bader Al-Ghan
Trade Arabia
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia