Saudi dairy company Almarai completed the purchase of 9,834 acres of farmland in Arizona, US, as part of its efforts to secure a supply of alfalfa hay from outside the Kingdom to support its dairy business.
Investors from Saudi Arabia and United Arab Emirates have asked Ed Smith, a southern Alberta hay exporter, to help them buy land in North America.
- Western Producer
09 Jan 2014
A consortium of Saudi groups - comprising dairy giant Almarai, grain importer Al Rajhi and Salic, the agriculture arm of the country's sovereign wealth fund - agreed to pay US $92mn to acquire Continental Farmers Group located in northern Poland and western Ukraine
A consortium of Saudi groups - comprising dairy giant Almarai, grain importer Al Rajhi and Salic, the agriculture arm of the country's Public Investment Fund sovereign wealth fund – buys Continental Farmers Group, which has large farming operations in Poland and the Ukraine.
Almarai’s ownership of dairies, processing plants and a distribution system makes it more profitable than its peers. The operation’s earnings before interest and taxes margin is at least 30 percent bigger than Danone, Nestle and Savola.
Saudi Arabian dairy and food producer Almarai Co's board has approved a $4.2 billion, five-year investment plan that will fund the expansion of its farms.
An Irish-owned agricultural company that owns and operates three farms in Argentina has been sold to Saudi Arabia’s largest food company for $83 million.
Le plus grand laitier du Moyen-Orient, Almaraï Company vient d'acquérir 12.306 hectares de maïs et de soja en Argentine, qui lui serviront à nourrir ses vaches laitières et ses volailles.
Saudi Arabia's largest dairy company said Wednesday it is buying Argentine farm operator Fondomonte S.A. for $83 million to secure access to a supply of animal feed.
Saudi-based Almarai Co says it plans to take a 50 percent share of the dairy market in Egypt, the Arab world's most populous nation, by 2013, a report said.
Today's emerging new farm owners are private equity fund managers, specialised farmland fund operators, hedge funds, pension funds, big banks and the like.
Almarai Company, Saudi Arabia's biggest listed dairy firm, is studying more acquisition opportunities in Egypt after spending $115 million last month to buy an Egyptian company and its farmland