Saudi Arabian dairy firm Almarai is reportedly one of the companies eyeing a majority stake in the UAE’s National Food Products Co.

According to Reuters, citing sources familiar with the matter, Almarai is one of several companies to have shown an initial interest in food and dairy company NFPC.

Sources say the deal could be valued at up to US$1.5bn and that Emirates Investment Bank was appointed in October to manage the sale.

NFPC’s portfolio includes dairy brand Milco and long life milk-to-fruit juice brand Lacnor. It also has a joint venture with European dairy co-op Arla Foods.

In May, Almarai’s board of directors approved a capital investment plan for SAR21bn (US$5.6bn) over the next five years, with investment covering expansion in farming, manufacturing and distribution. On Monday (14 December) it issued a statement saying it planned to boost its capital by a third over 2016 through the issuance of bonus shares to help support its growth plans.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

See Also:

Almarai and NFPC could not be reached for comment at time of press.