Al Marai expects continued growth through 2014

24/02/2014 Argaam - Exclusive

Al Marai Company which produces fresh milk, juices and poultry products expects continued growth of its financial position supported by SAR 3.2bn of capital investments, its annual board report said.

 

Al Marai also expects sales growth due to raising the productive capacity of its farms, factories and transportation as well as increasing the efficiency of available materials. The company said that profit growth will be affected by increased cost of Saudization and raw material prices.

 

The annual report listed some significant events and dates for shareholders and investors as follows:

 

Events 2014

Date

Event

H1

General Assembly meeting

H1

 Poultry project  Lunching ceremony

6-10 April

Q1 results

6-10 July

Q2 results

5-9 October

Q3 results

 

The company also disclosed the following information about its shareholders’ and their ownerships’ ratios:

 

Shareholders Nationalities

Stake

 

Number of Shareholders

Nationality

99.3%

 

58.577

 Saudis

0.7%

 

434

Other nationalities

100%

 

59.011

Total

 

Al Marai Shareholders

Stake

 

Number of shareholders

Shareholder

51.5%

 

190

Financial institutions & companies

48.5%

 

58.821

Individuals

100%

 

59.011

Total

 

Investors according to their shares

Ownership percentage

 

Number of shareholders

Number of shares owned

86.8%

 

31

More than 1 million

1.2%

 

11

500 thousand-less than 1 million

3.5%

 

105

100 thousand- less than 500 thousand

1.1%

 

95

50 thousand- less than 100 thousand

2.4%     

 

724

10 thousand- less than 50 thousand

0.9%

 

816

5 thousand- less than 10 thousand

1.8%

 

5.582

One thousand- less than 5 thousand

2.4%

 

51.647

Less than one thousand

100%

 

59.011

Total

 

Al Marai reported a net profit of SAR 1,502m in 2013 (SAR 2.5 /share), 4% higher than last year’s profits, and declared dividends of SAR 600m at SAR 1 per share.

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