Almarai shares hit record high ahead of earnings announcement

11/04/2017 Argaam

Almarai’s shares hit an all-time high on Tuesday ahead of the dairy producer’s Q1 earnings announcement due in the next couple weeks.

 

As of 12:30 Saudi time, Almarai’s shares rose 0.45 percent to SAR 72.57, its highest level since listing in 2006.

 

The company is expected to post a jump in its net profit, according to estimates.

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