The strategy, which envisions investments in supply chain and tech capabilities, will be financed from the company’s operating cash flow
Savola’s board has approved the rights issue and the distribution of Almarai shares
The purchase was funded from Almarai’s internal cash flows
The acquisition is fully financed from Almarai’s operating cash flow
Abdullah Al Bader was the executive vice president of Almarai’s bakery business since 2015
The company’s former CEO Georges P Schorderet has been re-appointed to the role
The dairy producer’s third quarter revenue rose 27 per cent to SAR2.7 billion.