country. CMA established the legal and regulatory platform to open up the Saudi capital market, support the privatization effort and increase public participation in the market while promoting efficiency and transparency. Furthermore, in March 2007, Tadawul exchange was re-incorporated as joint stock Company with a capital of USD 320 million to increase autonomy for the exchange. After the formation of CMA, the Saudi capital market continuously evolving in term of breadth, depth and complexity. In March
Introduction Almarai has established in 1977 by HH Prince Sultan Bin Muhammed Bin Saud ALKbeer. When he felt to develop the industry of dairy by investing to meet the demands in Saudi market. Furthermore, through 1990s Almarai moved in new level of reduced cost of producing by converted from decentralized to centralized organisation to produce a high quality products with low prices. Moreover, the company reinvested in huge plants and farms to expand in Saudi and GCC markets with variety of food