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23-Mar-2016

Almarai imports cSAR1 billion of goods, mainly animal feed, from US in 2015

Almarai Company (2280.SE) imported goods from the United States worth SAR1.18 billion in 2015, mostly animal feed, according to Tom Trimble, Almarai’s head of strategic business unit in the Saudi – US Business Opportunities Forum. Imported animal feed will increase from its own farms abroad, including those in the US, in line with Saudi Arabia’s plan to phase out the local cultivation of green animal fodder by 2019, to preserve the Kingdom’s water resources. (Mubasher)   Almarai: SAR70.77 as of 22 March 2016, Rating: Neutral, FV: SAR65.00 per share, MCap: USD11,323 million, ALMARAI AB / 2280.SE

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