Juhayna Food Industries

Qatar's Baladna to establish powdered milk farm in Algeria

Retrieved on: 
Monday, April 1, 2024
Juhayna Food Industries, Qatar Stock Exchange, Doha News, Baladna, Milk, Acquisition, Food delivery

DOHA, Qatar, April 1, 2024 /PRNewswire/ -- Qatari food company Baldana is signing an agreement with the Algerian government to establish a farm to produce powdered milk in the North African country, a source familiar with the matter told Doha News. 

Key Points: 
  • DOHA, Qatar, April 1, 2024 /PRNewswire/ -- Qatari food company Baldana is signing an agreement with the Algerian government to establish a farm to produce powdered milk in the North African country, a source familiar with the matter told Doha News.
  • The Qatari agricultural company plans to inaugurate a farm that extends over 100,000 hectares and produces 200,000 tonnes of powdered milk annually.
  • Qatar's Baladna is the largest company in the country for milk and dairy production, emerging in the global market after the 2017 GCC crisis shifted the Gulf country's production objectives.
  • Last year in July, Baladna bought another division of shares in Egypt's Juhayna Food Industries.

Qatar's Baladna to establish powdered milk farm in Algeria

Retrieved on: 
Monday, April 1, 2024
Juhayna Food Industries, Qatar Stock Exchange, Doha News, Baladna, Multimedia, Milk, Acquisition, Food delivery

DOHA, Qatar, April 1, 2024 /PRNewswire/ -- Qatari food company Baldana is signing an agreement with the Algerian government to establish a farm to produce powdered milk in the North African country, a source familiar with the matter told Doha News. 

Key Points: 
  • DOHA, Qatar, April 1, 2024 /PRNewswire/ -- Qatari food company Baldana is signing an agreement with the Algerian government to establish a farm to produce powdered milk in the North African country, a source familiar with the matter told Doha News.
  • The Qatari agricultural company plans to inaugurate a farm that extends over 100,000 hectares and produces 200,000 tonnes of powdered milk annually.
  • Qatar's Baladna is the largest company in the country for milk and dairy production, emerging in the global market after the 2017 GCC crisis shifted the Gulf country's production objectives.
  • Last year in July, Baladna bought another division of shares in Egypt's Juhayna Food Industries.

GEVELOT S.A.: PRESS RELEASE CLOSING OF 2022 ACCOUNTS

Retrieved on: 
Saturday, April 15, 2023
Commercial Court, PCM, Pump, Juhayna Food Industries, Food, Oil, Clerk, Gas, Acquisition, Holding, Depreciation, Growth, Combined, SA, Renewable energy, Beauty salon, Tutoring, Cryptocurrency, Bank, Satellite navigation device

The Group’s consolidated operating income in 2022 amounted to a profit of €12.1 million against €5.8 million in 2022, i.e.

Key Points: 
  • The Group’s consolidated operating income in 2022 amounted to a profit of €12.1 million against €5.8 million in 2022, i.e.
  • The increasing Pumps Sector’s contribution is positive for €12.9 million (€6.7 million positive in 2021).
  • In 2022, net charges of consolidated tax totalled €1.3 million against €0.4 million in 2021.
  • An impairment on recent bond investments has been recorded at the end of 2022 amounted to €2.1 million.