Saudi Arabia's Almarai Co, the Gulf's biggest dairy firm by market value, raised 1 billion riyals ($266.6 million) through a sukuk, or Islamic bond, issue on March 7, the firm said in a bourse statement on Sunday.
March 12, 2012 1:56
Saudi Arabia's Almarai is in talks with PepsiCo Inc to increase its stake in a joint venture formed with the US soft drink giant in 2009, the Gulf dairy firm said on Tuesday.
February 28, 2012 2:49
Saudi Arabia's Almarai Co, the Gulf's biggest dairy firm by market value, plans to start a roadshow this week to issue a riyal denominated sukuk, or Islamic bond, the firm said in a bourse statement on Saturday.
February 19, 2012 10:17
The UAE cabinet announced on Sunday it would liberalise trade in 12 commodities, saying this would help market stability, state news agency WAM reported.
January 23, 2012 3:01