Shares of Qatari food and beverage maker Baladna have been on a tear this year
DOHA, QATAR, August 18, 2020 /24-7PressRelease/ — Shares of Qatari food and beverage maker Baladna have been on a tear this year, surging 82% since their trading debut in December. The company reported a net profit of 84 million riyals in the first seven months of the year as it rapidly introduced new products like cheeses and juices. Managing Director Ramez Al-Khayyat spoke to Bloomberg’s Simone Foxman, who asked how potential job losses and expat departures caused by the coronavirus could impact his business.
Baladna is a Qatari agricultural company that raises livestock and produces dairy products. It is Qatar’s largest locally-owned food and dairy producer, supplying over 95% of the country’s fresh dairy products.
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