September 13th, 2019 | 0 commentsThe board of directors of Herfy Food Services Company approved to distribute SAR 1 cash dividends per share to shareholders for the first half of 2019. The distributions will be paid starting Thursday, 24 October 2019, Herfy Food disclosed to the Saudi Stock Exchange (Tadawul) on Thursday. The dividends shall be due to equityholders on 10...
September 13th, 2019 | 0 commentsAlexandria Flour Mills’ audited financial statements have shown a 44.6% year-on-year profit decline during the fiscal year 2018/2019. The company’s net profit reached EGP 26.58 million in FY18/19, compared to EGP 48.06 million in the year-ago period, according to a bourse statement released on Thursday. Last year, Alexandria Mills’ revenu...
September 12th, 2019 | 0 commentsThe profits of Raydan Food Company fell by 60.7% during the second quarter of 2019 when compared to the corresponding period last year, while leaping 287.3% when compared to Q1-19. Year-on-year, the net profits of the period fell to SAR 2.77 million during Q2-19 from SAR 7.04 million, according to the company’s financial statements publis...
September 11th, 2019 | 0 commentsThe extraordinary general meeting (EGM) of Development Works Food Company (DWF) on 9 September approved to increase the firm’s capital to SAR 25 million from SAR 12.5 million through granting 100% bonus shares of the retained earnings to the shareholders. The bonus shares will be due for the company’s shareholders of records on 9 Septembe...
September 11th, 2019 | 0 commentsCatalyst Leasing, a subsidiary of Catalyst Partners, has signed EGP 135 million contract with Obour Land for Food Industries, according to a statement released on Tuesday. Under the five-year leasing contract, Catalyst Leasing will provide Obour Land with new high tech machines from multinational food packaging and processing company, Tet...
March 19th, 2018 | 0 commentsObour Land for Food Industries on Sunday reported a 50% year-on-year surge in its consolidated profits during the full-year 2017, encouraged by the growth of sales. The white cheese maker generated profits worth EGP 243.19 million last year, versus EGP 161.9 million in 2016, according to a statement to the Egyptian Exchange (EGX). Sales g...
March 16th, 2018 | 0 commentsSultan Center Food reported a decline of 74.3% in losses during the fourth quarter of 2017 compared to the same period in the previous year. Losses decreased to KWD 6.6 million ($22.04 million) in Q4-17 from KWD 25.73 million ($85.91 million) in Q4-16, according to a bourse filing on Thursday. During fiscal year 2017, Sultan Center regist...
March 6th, 2018 | 0 commentshe Bahrain Tourism and Exhibition Authority (BTEA) announced that the Bahrain Food Festival has attracted more than 80,000 visitors since it opened to the public on February 22. The third edition of the festival, which will run until March 10, serves as a platform for participating Bahraini businesses to showcase their concepts. More than...
January 23rd, 2018 | 0 commentsLulu Group International has partnered with the World Economic Forum (WEF) in line with its new vision for agriculture initiative, a project on shaping the future of food security. The initiative is to build inclusive, sustainable, efficient and nutritious food systems through leadership-driven, market-based action and collaboration, info...
January 11th, 2018 | 0 commentsThe Iranian Pharmaceuticals, Medical Supplies, and Food Industries Expo kicked off on Tuesday at Dama Rose Hotel in Damascus with the participation of 40 companies. The expo, which will run until January 11, is sponsored by the Iranian Embassy in Damascus and the Iranian-Syrian Economic Relations Development Committee. Assistant Health Mi...
