date:May 30, 2012
Africa and the Middle East, excluding the GCC countries.
In December 2011, Almarai invested $83.18m to acquire 100% shareholding of Fondomonte, a company that owns and operates three farms in Argentina, to secure its supply of farm feed for dairy herd and poultry businesses.
For the first quarter ended 31 March 2012, the company reported net profit of SAR 242.1m ($64.54m), up 2.9% from the previous year, while sales increased 17% to SAR2.04bn ($543.89m), driven by its expansion into other Gulf