Almarai and Juhayna apply for land plot in the 1.5mn acres reclamation project
Almarai (2280.SE) and Juhayna Food Industries (JUFO.CA) were amongst 48 companies that applied for a plot of land in the reclamation project of 1.5mn acres of land. The completion of the first phase of the project of c500,000 acres is expected to take place in April 2017, with the second phase to start in June 2017 and the third and final phases in September of the same year. (Al Borsa) Almarai: SAR69.01 as of 11 January 2017, Rating: Neutral, TP: SAR54.50 per share, MCap: USD14,722mn, ALMARAI AB / 2280.SE Juhayna: EGP5.77 as of 11 January 2017, Rating: Buy, TP: EGP7.00 per share, MCap: USD293mn, JUFO EY / JUFO.CA
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