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  • Almarai Company Announces The Acquisition of A Controlling Stake in Pure Breed

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    Almarai Company announced on April 4, 2018 that it had acquired a 14% controlling stake in Pure Breed for SAR 20.3 million. This gives Almarai a total 55.9% controlling share of Pure Breed. The acquisition of Pure Breed, which focuses on poultry grand-parent farming, will help strengthen and integrate Almarai's poultry supply chain. The transaction was financed through Almarai's operating cash flow and Pure Breed's financial results will be consolidated into Almarai's statements starting in Q2 2018.

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    Almarai Company announced on April 4, 2018 that it had acquired a 14% controlling stake in Pure Breed for SAR 20.3 million. This gives Almarai a total 55.9% controlling share of Pure Breed. The acquisition of Pure Breed, which focuses on poultry grand-parent farming, will help strengthen and integrate Almarai's poultry supply chain. The transaction was financed through Almarai's operating cash flow and Pure Breed's financial results will be consolidated into Almarai's statements starting in Q2 2018.

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    9 views1 page

    Almarai Company Announces The Acquisition of A Controlling Stake in Pure Breed

    Uploaded by

    Drag Madiel
    Almarai Company announced on April 4, 2018 that it had acquired a 14% controlling stake in Pure Breed for SAR 20.3 million. This gives Almarai a total 55.9% controlling share of Pure Breed. The acquisition of Pure Breed, which focuses on poultry grand-parent farming, will help strengthen and integrate Almarai's poultry supply chain. The transaction was financed through Almarai's operating cash flow and Pure Breed's financial results will be consolidated into Almarai's statements starting in Q2 2018.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    04 April 2018

    Almarai Company announces the acquisition of a controlling stake in Pure


    Breed

    Almarai announces that it has acquired, on April 2nd 2018, for a total consideration of SAR 20.3
    million, 14.0% of the share capital of the Pure breed company from various shareholders. Almarai
    now controls 55.9% of the share capital of Pure Breed.

    Pure Breed main operations are focused on poultry grand-parent farming and its acquisition will
    add to Almarai on-going efforts to further streamline, integrate and strengthen its poultry supply
    chain.

    This transaction was fully financed from Almarai’s operating cash flow.

    Almarai will be consolidating, within its financial statements, Pure Breed results from Q2, 2018.

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