Saudi food co Almarai strengthens poultry business, acquires additional stakes in Pure Breed Company
Saudi Arabian food and beverage conglomerate Almarai has acquired 37.6 per cent of Pure Breed Company for 52.9 million Saudi riyals ($14.1 million), it said in a bourse filing on Monday.
Almarai now owns 93.5 per cent of Pure Breed.
The transaction was fully financed from Almarai's operating cash flows.
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