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MarketScreener Homepage  >  Equities  >  Saudi Arabian Stock Exchange  >  Almarai Company    2280   SA000A0ETHT1

ALMARAI COMPANY

(2280)
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Saudi's Almarai appoints new managing director, CEO leaves

11/17/2020 | 03:08am EST
Almarai dairy products Head Office is seen in Riyadh

RIYADH (Reuters) - Saudi Arabia's Almarai, the Gulf's largest dairy company, said on Tuesday its board decided to appoint Bader Abdullah al-Issa as managing director.

The decision comes after the board accepted the resignation of the company's chief executive officer, Majed Mazen Nofal due to personal reasons. Nofal had been CEO since January.

Almarai, which counts the kingdom's sovereign wealth fund (PIF) and Savola Group, the kingdom's largest food products company, among its investors, recorded a 3.5% decline in the third-quarter net profit as sales were affected by seasonal demand.

(Reporting by Marwa Rashad; editing by Jason Neely)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALMARAI COMPANY -0.37% 54 End-of-day quote.-1.64%
RIYAD BANK 0.85% 21.3 End-of-day quote.5.45%
SAVOLA GROUP COMPANY -0.25% 40.3 End-of-day quote.-5.18%
All news about ALMARAI COMPANY
01/24ALMARAI : Announces Its Annual Consolidated Financial Results for The Year Ended..
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01/13ALMARAI COMPANY : annual earnings release
01/05Gulf economy gets a boost from healing of Saudi-Qatar rift
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01/05ALMARAI : announces the resignation and appointment of a board member
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01/05ALMARAI : Recommendation of Cash Dividend for The Financial Year 2020 by the Boa..
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01/05REFILE-Gulf gets a boost from healing of Saudi-Qatar rift
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01/05MIDEAST STOCKS-Qatari stocks rise as Gulf tensions ease, Dubai extends gain
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2020ALMARAI : Recommendation of Cash Dividend for The Financial Year 2020 by the Boa..
PU
2020ALMARAI : announces the resignation of the CEO of the Company and appointment of..
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2020Saudi's Almarai appoints new managing director, CEO leaves
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More news
Financials
Sales 2021 15 831 M 4 221 M 4 221 M
Net income 2021 2 050 M 547 M 547 M
Net Debt 2021 9 775 M 2 606 M 2 606 M
P/E ratio 2021 26,1x
Yield 2021 1,95%
Capitalization 53 500 M 14 260 M 14 264 M
EV / Sales 2021 4,00x
EV / Sales 2022 3,75x
Nbr of Employees 36 869
Free-Float 24,4%
Chart ALMARAI COMPANY
Duration : Period :
Almarai Company Technical Analysis Chart | 2280 | SA000A0ETHT1 | MarketScreener
Technical analysis trends ALMARAI COMPANY
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 52,26 SAR
Last Close Price 53,50 SAR
Spread / Highest target 14,0%
Spread / Average Target -2,33%
Spread / Lowest Target -17,8%
EPS Revisions
Managers and Directors
NameTitle
Bader Abdullah Al-Issa Managing Director & Executive Director
Naif bin Sultan Mohammed Al-Saud Non-Executive Chairman
Danko Damir Maras Chief Financial Officer
Sulaiman Abdulkader A. Mohsin Al-Muhaidib Vice Chairman
Peter Amon Independent Director
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