Al Marai expects continued growth through 2014

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:

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

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.