Almarai 4Q16 results conference call takeaways: Ending a solid year but some challenges ahead
Almarai held its 4Q16 results conference call yesterday; it gave a cautious outlook for 2017e with no clear-cut guidance due to a number of headwinds (slowing KSA consumer spending, gradual phase-out of green fodder cultivation, expat fees, etc.). We reiterate our Neutral rating on the stock. Please (read our full report here) (Nada Amin, Hatem Alaa and company)
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