Riyadh – Mubasher: Almarai is able to respond to business challenges in 2017, the company’s chairman said.
Sultan Bin Mohammad Alkabir added that the firm has expansion plans in a number of neighbouring countries to boost its investments.
Almarai will move forward in developing its business and products, the chairman stated in the company’s general assembly on Sunday.
The general assembly approved the distribution of cash dividends at SAR 0.90 per share, totalling 99% of the nominal value and representing SAR 720 million.
Net profits went up 8.61% to SAR 2.08 billion in 2016.
The stock shed 0.17% to SAR 68.70 on Monday.
