2280 · 13/04/2010 08:39:59 · Announcement #17864 · View on Saudi Exchange

Almarai Board of Directors approved an investment of SAR 2.0 billion for the development of integrated facilities for the production of high-quality poultry

The Board of Directors at their meeting on Monday 12th April 2010 approved the Poultry Division Business Plan, which foresees a total investment of approximately SAR 2 billion. This investment in Hail region will cover the construction of an integrated production facility and the required infrastructure for the distribution of the highest quality poultry products. This investment will start to deliver its benefits in the course of 2012. The initiative will be financed through cash flow and is in the line of company's objectives.

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