...Annual Report 2012 Table of contents Chairman’s Statement .............................................................................. Mission and Vision .................................................................................... Company Overview ................................................................................... Board of Directors’ Report ...................................................................... Board of Directors’ Profile ....................................................................... Our Brands ................................................................................................. Our Human Resources ............................................................................. Our Social Responsibility ......................................................................... Detailed Review of Principal Activities for 2012 ................................... Sales by Product Group ............................................................................ Operating Costs .......................................................................................... Share of Results of Associates and Joint Ventures ............................... Cash Flows .................................................................................................. Distribution Policy ....................................................................................... Board Meetings and Directors’ Disclosure ..............
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... Page History of pasture ……………………………. ...…………………3 Brands and Affiliates ………………………………………………….3 Types of Products …………………………………………………. 3 The financial performance ……………………………….………. 4 Principal owners……………………………………………………...4 Administrative Divisions…………………………………………....4 Almarai-head-office in alriyadh ……………………………………4 Almarai-head-office in alriyadh ……………………………….…..5 Factories …………………………………..………………………….6 QBD …………………………………….……………………………..6 Packaging………………….…………………………………………6 Why is packaging important …………………………………..…7 What are they doing in the Department of Packaging….….7 Questionnaire…………….…………………………………………..9 Quality ………………………………………………………………10 TRD …………………………………………,………………………10 * Established Almarai in the city of Riyadh in 1991, with a capital of 750 million riyals, which is an extension of the dairy farms developed by Prince Sultan bin Mohammed bin Saud in 1977, and the owner for about 29% of the shares of the company. * In 2005 shift Almarai from a private company to a joint stock company registered in the Saudi stock market , Where Almarai shareholders of more than 70,000 contributors. * In 2007 the company was acquired of Western Limited laboratories' * In 2009 was initiated the establishment of new factories bakery Alkharj region * The company entered chicken industry in 2009 through the acquisition of Hail Agricultural Development, It also acquired in 2011 on...
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...------------------------------------------------- Whatsapp 00923012906259 [Document subtitle] [Date] [Company name] [Company address] [Date] [Company name] [Company address] Part A In Saudi Arabia all of the companies listed on the Tadawul are required by the Capital Market Authority to provide certain voluntary and mandatory disclosures in their financial statements and to the relevant board. These disclosures will be useful for the analysis of the efficiency of the capital market and in providing satisfactory information to the stakeholders of the companies about the financial position and the performance of the business activities. Credibility of the business can be increased in the capital market if it provides all the relevant disclosures required by the CMA. Investors and other stakeholders of the companies keenly observe the areas of the financial statements in which voluntary and mandatory disclosures are mentioned. Some of the important voluntary disclosures required by the CMA are information about the size of the corporation and capital invested in it, leverage of the company, size of the auditor appointed, profitability state of the company, and aging analysis of the debtors. Other mandatory disclosures required by CMA from the company are changes in the holdings of the share capital and debentures, change in the capital of the company, declaration of dividend and any other decision if dividend is not declared, changes in the rights of the shareholders...
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...PROSPECTUS Sale of 4,500,000 shares representing 30% of Almarai Company Through an Initial Public Offering at an Offer Price of SAR 512 per share ALMARAI COMPANY A Saudi Joint Stock Company (under conversion) in accordance with Ministerial Resolution No. 773 dated 6/5/1426H (Corresponding to 13/6/2005G) Offering Period: 27/5/1426H to 7/6/1426H (Corresponding to 4/7/2005G to 13/7/2005G) Almarai Company Limited (“Almarai” or the “Company”) was formed as a Saudi limited liability company with Commercial Registration Number 1010084223, dated 19/12/1411H (corresponding to 1/7/1991G). The Minister of Commerce and Industry has, pursuant to resolution No. 773 dated 6/5/1426H (corresponding to 13/6/2005G), authorized the conversion of the Company from a limited liability company into a joint stock company. The share capital of the Company is SAR 750 million consisting of fifteen (15) million shares with a nominal value of SAR 50 each. Following completion of the Offering (as defined below) and the conclusion of the Conversion General Assembly, an application will be submitted to the Minister of Commerce and Industry requesting him to announce the conversion of the Company. The Company will be considered duly converted into a joint stock company from the date of issuance of the Ministerial Resolution declaring its conversion. The Initial Public Offering (the “Offering”) of 4,500,000 shares (the “Offer Shares”) with a nominal value of SAR 50 each, all of which are fully paid, and...
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...Executive Summary The executive summary below provides a detailed overview and financial analysis of Danone and Almarai and ‘Group D’ recommendation for investment. The global dairy industry is a highly competitive sector. The analysis of demand from 2002 to 2016 shows a cyclical trend. The demand slowed in last few years due to various factors such as global crisis, rise of milk price and production cost however the forecast of industry shows a positive growth rate of 4% by 2016. According to Rabobank’ market research, significant demand is expected in India (10% CAGR), China (7% CAGR), Middle East and North Africa (MENA, 4% CAGR), Asia (4% CAGR). Danone, the French Multinational, is a well-diversified company and has strong product portfolio and global reach. It is a leader in food and beverage industry and is present in over 140 countries. Over 60% revenues of Danone are generated from dairy products and outside Europe. Almarai on the other hand is a strong regional leader with 50% of revenue generated from dairy products and over 90% revenues generated in GCC market. Financial analysis was carried out for both firms using common-size balance sheet, income statement and cash flows statements. In balance sheet analysis of Danone, money market funds purchased during 2013 represent the main component in current assets and brands and goodwill represents majority of non-current asset. In comparison, inventory represents 48% of Almarai’s current assets and long term portion...
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...Kuwait Almarai facilities: Saudi Arabia, UAE, Oman, Kuwait, Qatar, Bahrain. Bahrain Egypt Qatar Presence through joint ventures: Egypt and Jordan. Saudi Arabia UAE Oman Annual Report 2011 | 3 Table of contents Chairman’s Statement Mission, Vision & Values Company Overview Board of Directors Report Board of Directors Profile Our Brands Our People Corporate Social Responsibilities Detailed Review of Principal Activities for 2011 Operating Costs Share of Results of Associates and Joint Ventures Statutory Payments Net Income Cash Flows Distribution Policy Board Meetings and Directors Disclosure Senior Management Disclosure Related Party Transactions Segmental Reporting and Geographical Analysis Subsidiaries Risk Management Corporate Governance Audit and Risk Committee Nomination and Remuneration Committee Key Financial Highlights of the Last Five Years - Results, Assets, Liabilities and Key Indicators General Assembly Meeting Certification Auditors’ Report 52 53 53 55 5 7 9 11 12 14 23 25 28 32 34 35 36 36 41 42 43 45 46 48 49 49 49 51 4 | Annual Report 2011 Annual Report 2011 | 5 Chairman’s Statement Another year of record operating results and continued commitment to long term investment strategy - despite the significant challenges faced. Dear Shareholders, On behalf of the Board of Directors, I am delighted to be able to present Almarai’s Annual Report, covering the year ended 31 December 2011. 2011 was a challenging 12 months for Almarai. Worldwide...
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...TOURO COLLEGE COURSE SYLLABUS DEPARTMENT: Business COURSE TITLE: Cost Accounting COURSE NUMBER: EBA 213 PREREQUISITES: EBA 101, EBA 102 CREDIT HOURS: 3 DEVELOPER: Professor Simon Saltz LAST UPDATE: December 1,2003 COURSE DESCRIPTION: Cost accounting focuses on cost determination for manufacturers, products and services. This includes the establishment and maintenance of job order and process cost systems, and the classification of costs as product or period, direct or indirect. Also included are managerial techniques and systems such as budgeting and variance analysis, which enable a business to manage its affairs more efficiently . COURSE/ DEPARTMENTAL OBJECTIVES: Students should be able to understand the thinking and systems of the business world. Understanding how the cost of a product is determined, as it moves through the manufacturing process, enables students to gain insight into how pricing decisions are made. They will be in a better position to determine whether a business is price gouging and can be an effective force in countering such behavior. Understanding budgeting systems enables one to properly manage a business and diagnose the causes of poor business performance. This could help preserve jobs for employees and investment value for shareholders. COURSE/ INSTITUTIONAL...
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... 4. Almarai has an effective quality system that is operated by: a. An integrated supply chain. b. Marketing and sales expertise. c. Effective of chilled distribution network. d. Advanced technologies in farms, processes, and engineering such as Q-Pulse. 5. Mergers and acquisitions (AlYOUM, LOUSINE, 7-DAYS, ipnc) Weaknesses: 1. Limited market share in the gulf region. 2. The company is dependent on a single brand name “Almarai”. Therefore, in the case of any incident, the company cannot fall back upon alternative brand to keep selling its products. Opportunities: a. In future, the union of the GCC currency will eliminate the cost of currency exchange. b. In future, the export and import duties will be reduced or eliminated which affects the companys’ revenues positively. c. The increasing population in the gulf country will affect the sales of the company in the future. d. Almarai has new introduced products which gives it an opportunity to continue growing in revenues. e. Increased awareness of the health from consumers increase the consumption of laban, milk, and fruit juices. f. Low interest rates increase investments in the company’s business lines. Threats: 1. The subsidies of oil may affect the market of Almarai. 2. The government funding of Almarai may stop at anytime due to the dependence on the unpredictable on its oil revenue. 3. Expansion of Almarai may affect...
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...“Vision Statement: To be the preferred choice in food products, promoting nutrition, health and well being in the GCC.” - Almarai Company Year 1977, the eminence of Almarai Company begins. It started at the country known as “Cradle of Islam”, Saudi Arabia. For a country known for oils,golds and mosques, Princes Sultan Bin Mohammed Bin Saud Al Kabeer in partnership with Irish Agri Food Pioneer Alastair Mcguckian had managed to established an opportunity for a dairy industry. This is to fulfill the needs of the expanding domestic market within the country. Fresh milk and Laban processing were the only offers when Almarai was still on its early years in the industry. During early 1990’s innovation hits Almarai henceforth, the company stepped into a period of changing the basic organization into centralized plants. A low cost producer with a high quality product at an affordable price has aimed. In year 2007, the firm widened the range of the business, it started promoting bakery products. Two years later, poultry business rose. The company invested in a world class production facility. Alyoum is the premium poultry brand. In the same year, we presented the combined ventures of Dairy and Juices through PepsiCo,. As of 2011, Based on official website of Almarai (2011) the market capitalization exceeded SAR 23 Billion with an estimated 70,000 shareholders. Brand Management The brand...
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...for selling Almarai’s products in the United Kingdom and eventually across Europe 1. Introduction This document is a report prepared to highlight the marketing plan to expand the markets of Almarai to the United Kingdom and eventually across Europe. This report also is intended to demonstrate factual statistics of the marketing position of Almarai in the Arab and how strategically the researcher purposely plan to go about it. According to the annual report 2014 of Almarai, the company’s mission is to provide high quality and nutritious food, beverage products that enrich our consumers’ lives every day. Almarai is the consumer’s preferred choice in the Arab World by providing superior products that best meet the market’s specific needs. 1.1 The essence of Almarai’s business comes from automated production facilities, high-volume logistics and regular distribution to the key retail outlets in the Kingdom and Gulf Cooperation Council (The Report: Emerging Saudi Arabia 2007). The report also mentioned that Almarai is the largest integrated dairy company in the world, with a well-recognised brand that was ranked number three (3) in the Forbes magazine. 1.2 Furthermore the overall strategic plan as mentioned in the 2014 annual report of Almarai stipulated that the focus of Almarai was continued improvement and growth. The implementation of Almarai’s strategic plan 2014 saw an accelerated growth in sales powered by the Dairy, Juice and Poultry product categories and by the...
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...------------------------------------------------- [Document title] [Document subtitle] [Date] [Company name] [Company address] [Date] [Company name] [Company address] Part A In Saudi Arabia all of the companies listed on the Tadawul are required by the Capital Market Authority to provide certain voluntary and mandatory disclosures in their financial statements and to the relevant board. These disclosures will be useful for the analysis of the efficiency of the capital market and in providing satisfactory information to the stakeholders of the companies about the financial position and the performance of the business activities. Credibility of the business can be increased in the capital market if it provides all the relevant disclosures required by the CMA. Investors and other stakeholders of the companies keenly observe the areas of the financial statements in which voluntary and mandatory disclosures are mentioned. Some of the important voluntary disclosures required by the CMA are information about the size of the corporation and capital invested in it, leverage of the company, size of the auditor appointed, profitability state of the company, and aging analysis of the debtors. Other mandatory disclosures required by CMA from the company are changes in the holdings of the share capital and debentures, change in the capital of the company, declaration of dividend and any other decision if dividend is not declared, changes in the rights of the shareholders and debt...
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...SEPTEMBER 2012 Almarai Company (Almarai) Initiation of Coverage Research Division Company Reports Please read Disclaimer on the back All rights reserved, AlJAZIRA CAPITAL © AGM - Head of Research RESEARCH DIVISION Abdullah Alawi +966 2 6618275 Senior Analyst a.alawi@aljaziracapital.com.sa Syed Taimure Akhtar +966 2 6618271 Analyst s.akhtar@aljaziracapital.com.sa Saleh Al-Quati +966 2 6618253 s.alquati@aljaziracapital.com.sa General Manager - Brokerage Division BROKERAGE AND INVESTMENT CENTERS DIVISION Ala’a Al-Yousef +966 1 2256000 a.yousef@aljaziracapital.com.sa AGM-Head of international and institutional brokerage Luay Jawad Al-Motawa +966 1 2256277 lalmutawa@aljaziracapital.com.sa Regional Manager - West and South Regions Abdullah Al-Misbahi +966 2 6618404 a.almisbahi@aljaziracapital.com.sa Area Manager - Qassim & Eastern Province Abdullah Al-Rahit +966 6 3617547 aalrahit@aljaziracapital.com.sa Aljazira Capital is a Saudi Investment Company licensed by the Capital Market Authority (CMA), License No. 07076-37 September 2012 Almarai Company (Almarai) Initiation | KSA | Food & Agriculture Sector | Sep2012 Concentric diversification in focus • A leading dairy food & related stuffs’ producer – Almarai Company (Almarai) started its operation with the processing of fresh milk and Laban in mid 1970s with an aim to transform the Kingdom’s traditional dairy farming. Over the period of time, since the inception...
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...7. Factors affect Supply. Page-07 8. Factors affect Demad. Page 07 9. Sales trend Page-08 10. Supply, Demand and Elasticity Page-08 11. Conclusion Page-08 12. References Page-08 ? Introduction: This Paper is a presentation for a real company economic analysis in regard with the market and the company portfolio as well as the factors affecting both of supply and demand product quantities. Also, in this presentation we will go through cases of elasticity in the relations between all of product price, supply and demand quantities. The subject company in this presentation is Almarai Company that produces Dairy liquid, Yoghurts & Desserts, Foods, Juices, Bakery Poultry and Infant Formula. Almarai Company is based in KSA; however it is considered one of the biggest companies in that field in the areas of GCC and Middle East. ? Market Volume Total sales value of the company through Year 2012 was 9, 883 Million SAR by an increase of 24.3% comparing with the value of the previous year, and operational cash flow of 2,384.4...
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...College of Business Administration Corporate Finance Final Project Table of Contents 1.0 Savola Group Overview 3 2. Almarai History 3 2.0 Comparative Analysis 4 3.0 Financial Ratio Calculations 5 4.0 Financial Ratio Analysis 6 4.1 Profitability Ratios 6 4.2 Efficiency Measures /Activity Ratios 7 4.3 Financial Leverage Ratios 8 4.4 Liquidity Ratios 9 Conclusion 10 1.0 Savola Group Overview The Savola Group Company is one of the leading organizations in its field not only in the Kingdom of Saudi Arabia but also in the Middle East, North Africa and Central Asian countries. This multinational organization was established in 1979 as the Saudi Vegetable Oils and Ghee Co.; and as the company name suggests it started off in edible oils only. At that time the competition was fierce and the firm was struggling to survive, even though its startup capital equaled SR40 million and 200 employees. Nevertheless, the Savola group researched the market and arrived at a strategic plan that would give the company a competitive edge; and that was asking the consumers what they wanted and expected. This strategy proved to be very successful; it allowed the company to diversify its portfolio to include sugar, pasta, and retail and to enter new markets. Hence, the Group’s capital increased to SR5.3 Billion with 23,000 employees in total. These numbers prove that Savola’s management is constantly assessing the firm’s various activities and performance. The most common method...
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...leading to 3.5 million metric tons, which is 100% of Saudi Arabia’s wheat for the year 2016, to come from imports. How does Saudi Arabia’s lack of water and inability to grow wheat effect the global economy? Some farmers have lobbied the government to overturn their decision to cease farming, stating that they have loans to pay back and without the ability to grow and sell their crops, they will not be able to pay them back leading to financial hardship. While there is an economic downfall to those in Saudi Arabia, at the same time, there is a boost to other parts of the world. Saudi Arabia is now importing their wheat and buying land in many different countries, for example, investing in foreign farmland to cultivate their own crops. Almarai, a Saudi Arabian Dairy farm purchased 15 square miles of farmland in 2014 just outside of Phoenix Arizona. Ultimately, boosting much of the world’s economy. Interest rates and loan duration The interest rate is essentially the profit made by the lender over the duration...
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