Saudi Arabia firm purchases Argentine farm enterprise to secure feed supplies

Posted on December 26, 2011 • Filed under: Agriculture, Argentina, Business

SAUDI ARABIA – On Tuesday 20th December 2011, Almarai Company (‘Almarai’) acquired 100 per cent of the shareholding of Fondomonte Saudi Arabia, a company that owns and operates three farms in Argentina. The transaction is in line with the direction of the Saudi Government towards securing supplies and conserving local resources and forms part of Almarai’s continuous efforts to improve our supply chain and ensure access to the highest quality feed for both dairy herds and poultry businesses. Read Article

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