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5831 - 5840 from 16547 . In "BUSINESS"
Almarai records 7.7% growth in Q3 revenue
JEDDAH — Almarai reported a revenue growth of 7.7% to reach SR3,573.3 million. Gross profit grew 3.2%, maintaining a robust value share in Almarai’s core market of Saudi Arabia, holding no.1 position across 10 categories.Bakery business unit recorded a strong revenue growth of 10.4%, driven by increased investment in sales and marketing operations, while the Poultry business unit continued to expand in the food services and catering channel, achieving a revenue growth of 7.9%. Almarai Dairy and Juices business units also achieved a remarkable growth of 6.1% in the third quarter.Despite revenue growth, Almarai's net income remains under pressure, correspondingly declined by 8.5% due to higher investment in trade and marketing support and higher funding costs resulting from capital...
October 06, 2019

Almarai records 7.7% growth in Q3 revenue

TJT team
Toyota Tsusho sets up Hino truck wholesaler in Saudi Arabia
JEDDAH — Toyota Tsusho Corporation announced Sunday it has established a Saudi Arabian wholesaler and retailer for Hino Motors, Ltd. trucks in partnership with local conglomerate Jamjoom Group. The wholesaler, Tsusho Jamjoom Trading Company (TJT), began full-scale sales activities in October 2019 as the first-ever Japanese-owned truck wholesaler in Saudi Arabia.Saudi Arabia, one of the leading oil-producing countries in the Middle East, is pursuing Vision 2030 as its economic and social reform strategy to reduce dependence on oil production and diversify industry. Amid this reform, local truck demand continues to expand, and currently Saudi Arabia accounts for 50% of the commercial vehicle market in the Middle East. Going forward, sustained expansion of the demand for trucks is expected...
October 06, 2019

Toyota Tsusho sets up Hino truck wholesaler in Saudi Arabia

Canon partners with First Gulf Company in KSA
Canon Middle East in partnership with FGC
RIYADH – Demand for specialized videography and 4K content video services is increasing in the Kingdom, and professionals in the field are seeking higher-quality, innovative products and solutions to enable them to accurately express their creative storytelling vision. To meet this demand, Canon Middle East, a provider of imaging technologies and services, has formed a strategic partnership with First Gulf Company (FGC) to expand its professional video segment in Saudi Arabia.With more than SR3.3bn in spending earmarked for culture and media by 2020 according to Oxford Business Group, Saudi Arabia is aiming to attract private sector investment in the development of its creative and entertainment industries. The partnership with FGC will cater to building a modern broadcast and film...
October 06, 2019

Canon Middle East in partnership with FGC

SAB Express, FedEx Express showcase healthcare solutions
RIYADH — FedEx Express, a subsidiary of FedEx Corp., the world’s largest express transportation company and SAB Express, a FedEx global service provider in the Kingdom, participated in the 2019 Global Health Exhibition last Sept. 10-12, showcasing healthcare solutions offered in the Saudi market.Under the patronage of the Saudi Ministry of Health, the exhibition offered a great platform for companies to promote their latest innovations and solutions in the healthcare sector.SAB Express took this opportunity to share the FedEx Express portfolio of healthcare solutions, catering to the specific shipping needs of the healthcare industry, which includes cold chain logistics and distribution, specialized international transportation, healthcare value added services such as co-packing and...
October 06, 2019

SAB Express, FedEx Express showcase healthcare solutions

Now United and Nadim Nakfoor
No sugar Pepsi Black launched in MENA
DUBAI — PepsiCo has introduced Pepsi Black, a new Bold Taste, Bold Flavor beverage to countries in the Middle East and North Africa (MENA). Debuting across major retailers in KSA, UAE, Kuwait, Oman, Jordan, Bahrain, Libya and Morocco starting October, Pepsi black® is the latest addition to PepsiCo’s growing beverages portfolio. The new innovation complements the much-loved range of Pepsi® products to offer a refreshing new experience to appeal to individual tastes and preferences.Available in three great-tasting flavors - Original Cola, Raspberry and Lime, Pepsi black appears on shelves in new, boldly designed cans aimed at consumers looking for a no-sugar offering without compromising on taste.Speaking on the introduction of Pepsi black to the region, Nadim Nakfoor, MENA Franchise...
October 06, 2019

No sugar Pepsi Black launched in MENA

Abbott committed to supporting SFDA Vision
RIYADH — Leading healthcare company Abbott was the official sponsor for this year’s Saudi Food and Drug Authority Conference and Exhibition (SFDACE). The conference theme was “Consumer Engagement and Consumer-Centered Regulations” and took place between on Sept. 30 to October 2, 2019 in Riyadh.Through this sponsorship, Abbott aimed at maintaining and enhancing its presence in the Kingdom and highlighting its extensive range of innovative healthcare products. This goes in line with the advances introduced in the Ministry of Health's strategic health plan, as part of Saudi Vision 2030.Abbott General Manager in KSA Imad Mousa said, “We were delighted to participate in the SFDACE event for the third consecutive year. Our aim is to continue to support the Kingdom's strategic...
October 06, 2019

Abbott committed to supporting SFDA Vision

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Casio and Abbar honor their calculator clients
JEDDAH — Mahmoud Saleh Abbar, the authorized agent for Casio products in Saudi Arabia, organized the annual ceremony for customers and distributors of calculators last September 29 at Crowne Plaza Hotel in Jeddah in the presence of officials from Casio Middle East - Dubai.In his speech, Khalil Shams Aldin, Head of the Department of Calculators Middle East and Dubai, thanked the customers and distributors of calculators for their great efforts to develop and stimulate the marketing and sales movement in the Saudi market. "We are proud to have customers and distributors with the ability to achieve the best results and meet the challenges to work hand in hand to provide the necessary support to overcome all the obstacles we face," he said.Director of Casio Department at Abbar...
October 06, 2019

Casio and Abbar honor their calculator clients

Hyundai Palisade and BTS
Hyundai Palisade to accompany BTS band in Riyadh
RIYADH – Hyundai Palisade, the all-new flagship SUV from Hyundai, will provide a luxurious ride for global superstars BTS during their much-anticipated visit to Saudi Arabia to perform as part of Riyadh Season.The seven-member boy-band, who are Hyundai Global Brand Ambassadors, will perform during Riyadh Season as part of their ‘LOVE YOURSELF: SPEAK YOURSELF’ world tour.“We are very excited to be collaborating with BTS – one of the most globally popular music groups from Korea, the home of Hyundai – and to be supporting Riyadh Season,” said Mike Song, Hyundai’s Head of Operations for the Middle East and Africa.“Saudi Arabia is giving its people new entertainment opportunities, and BTS will help as reach out to the younger generation of music fans in the Kingdom.”With...
October 06, 2019

Hyundai Palisade to accompany BTS band in Riyadh

Hana Al Badr
An epitome of a Saudi female millennial racing against time to earn her passion
RIYADH — In a media roundtable held at a Starbucks café in Riyadh, we met a girl in her twenties wearing a tennis cap. She introduced herself as Hana Al Badr, an area manager.In a chat with Hana, she said: “I had a chance to work for Starbucks. I never hesitated because I was looking for a job to gain experience and learn how to confront challenges. I loved the atmosphere here, the passion, and the pressure. I loved sharing people’s views, choices, and love for coffee.”She added: “Some customers ask me to make their coffee personally. They trust my way of preparing their coffee although the amounts and the way of preparation are standard in all Starbucks coffee shops. But some customers connect their cup of coffee with the barista who prepares it. This is something I am proud...
October 06, 2019

An epitome of a Saudi female millennial racing against time to earn her passion

Sadafco marks World Heart Day with new milk
JEDDAH — In line with Saudi Vision 2030’s objectives of promoting a healthy lifestyle, Saudia Dairy and Foodstuff Company (Sadafco) marked World Heart Day with the launch of a new functional milk product that can help consumers take better care of themselves and maintain a healthier lifestyle.New Saudia’s delicious low-fat milk contains plant sterols, clinically proven to reduce cholesterol. Drinking two glasses a day of milk containing these natural sterols can help to reduce blood cholesterol by up to 10 percent within two to three weeks, according to 250 international studies. Health-conscious consumers can enjoy their favorite taste of Saudia Milk, while knowing they are making a positive lifestyle difference. New milk will be available in convenient 1-litre Tetra Pak.World Heart...
October 05, 2019

Sadafco marks World Heart Day with new milk

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