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In 2005, Almarai entered a new phase, transformed from a company with limited liability to a joint-stock company. The move was part of the company's IPO, as they floated 30% of the company shares on the Saudi Arabian stock market, the Tadawul. All shareholders, including The Savola Group, diluted their shares for the IPO to take place. However ...
Nayef bin Sultan Al Kabeer (born 29 January 1975) is a Saudi businessman who has been the chairman of the board of directors of Almarai Company since March 2020 when his father Sultan bin Mohammed resigned from the post. [1] Nayef bin Sultan is a member of the Al Kabeer cadet branch of the Saudi royal family.
Sultan bin Mohammed Al Kabeer (1954 – 7 October 2024) was a Saudi prince and businessman. [1] He was one of the founders of Almarai which is the largest vertically integrated dairy foods company in the world.
(Reuters) -Banks led by Morgan Stanley have sold to investors another chunky portion of loans that formed the $13 billion debt supporting Elon Musk's $44 billion acquisition of Twitter, now X, in ...
If you’re concerned about today’s lofty valuations, consider holding 5-10 percent of your portfolio in cash and cash equivalents — it’s one of the most contrarian investments you can make ...
Chinese officials and ordinary people are hopeful but on edge as Donald Trump returns to the White House, eager to avoid a repeat of the bruising trade war that drove a wedge between the economic ...
Alinma Bank’s founding shareholders are as follows: The Saudi Arabian Public Investment Fund (PIF), the Saudi Arabian Public Pension Agency (PPA) and the Saudi Arabian General Organization for Social Insurance (GOSI). Together they represent 30% of the bank’s share capital, all with equal shares.
US stocks have been slumping heading into the first full-on week of 2025.. In the past five trading sessions, the S&P 500 is down more than 1.5%, while the Nasdaq Composite is off nearly 2% ...