Saudi Arabia's largest dairy company announced it was buying Argentine farm operator Fondomonte for ... The acquisition will give Riyadh-based Almarai Co. control of roughly 30,000 acres of ...

The poultry producer plans to sell 9 million shares, equal to a 30% stake in the company, and list on Saudi Arabia's main market, it said in a statement, without providing a timeline for the listing.

In its conference call this week, Almarai said it plans to increase its poultry capacity from 250 million birds to 300 million in the coming year, through establishing new farms a ...