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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)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALMARAI COMPANY -0.19% 53.2 End-of-day quote.-3.10%
RIYAD BANK -0.68% 29.35 End-of-day quote.45.30%
SAVOLA GROUP COMPANY -0.79% 37.45 End-of-day quote.-11.88%
All news about ALMARAI COMPANY
10/10ALMARAI : Announces Its Condensed Consolidated Interim Financial Results for The Period En..
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10/10Almarai Company Reports Earnings Results for the Third Quarter Ended September 30, 2021
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07/11ALMARAI : Announces Its Condensed Consolidated Interim Financial Results for The Period En..
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07/11Almarai Company Reports Earnings Results for the Second Quarter Ended June 30, 2021
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06/02Almarai Company signed an asset purchase agreement to acquire BBM production facility i..
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05/02Almarai Company Announces Investments of SAR 6.6 Billion to Further Expand in Poultry S..
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04/14Almarai Company Announces Dividend for the Fiscal Year Ended 31 December 2020
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04/14ALMARAI COMPANY : Ex-dividend day for final dividend
FA
04/12Almarai Company Reports Earnings Results for the First Quarter Ended March 31, 2021
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04/11ALMARAI : Announces SAR 386 million Net Profit, a growth of 1% as compared to the correspo..
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More news
Financials
Sales 2021 15 634 M 4 168 M 4 168 M
Net income 2021 1 846 M 492 M 492 M
Net Debt 2021 9 846 M 2 625 M 2 625 M
P/E ratio 2021 30,6x
Yield 2021 1,88%
Capitalization 53 200 M 14 184 M 14 184 M
EV / Sales 2021 4,03x
EV / Sales 2022 3,74x
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
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 15
Last Close Price 53,20 SAR
Average target price 54,45 SAR
Spread / Average Target 2,35%
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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