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    2280   SA000A0ETHT1

ALMARAI COMPANY

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

11/17/2020 | 03:08am EDT
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 1.41% 57.7 End-of-day quote.5.10%
RIYAD BANK -0.56% 26.85 End-of-day quote.32.92%
SAVOLA GROUP COMPANY 0.13% 39.9 End-of-day quote.-6.12%
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04/12Almarai Company Reports Earnings Results for the First Quarter Ended March 31..
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04/11ALMARAI : Announces SAR 386 million Net Profit, a growth of 1% as compared to th..
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04/11ALMARAI : Announces Its Condensed Consolidated Interim Financial Results for The..
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03/24ALMARAI : announces the resignation and appointment of a board member Copy
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More news
Financials
Sales 2021 15 693 M 4 185 M 4 185 M
Net income 2021 1 973 M 526 M 526 M
Net Debt 2021 9 930 M 2 648 M 2 648 M
P/E ratio 2021 31,3x
Yield 2021 1,80%
Capitalization 57 700 M 15 386 M 15 386 M
EV / Sales 2021 4,31x
EV / Sales 2022 4,02x
Nbr of Employees 36 869
Free-Float 24,3%
Chart ALMARAI COMPANY
Duration : Period :
Almarai Company Technical Analysis Chart | 2280 | SA000A0ETHT1 | MarketScreener
Technical analysis trends ALMARAI COMPANY
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Last Close Price 57,70 SAR
Average target price 54,92 SAR
Spread / Average Target -4,82%
EPS Revisions
Managers and Directors
Abdullah Nasser Al-Bader Chief Executive Officer
Danko Damir Maras Chief Financial Officer
Naif bin Sultan Mohammed Al-Saud Non-Executive Chairman
Peter Amon Independent Director
Saad bin Abdul Mohsen Al-Fadly Independent Director
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