Middle East business information

Saudi Arabia's largest food producer by market value, Almarai Co. has said it will invest SR2bn ($533.3m) to expand the business of Hail Agricultural Development Co. (Hadco) it had acquired recently, according to Arabic al-Eqtisadiah newspaper. The firm would focus these investments on raising Hadco's poultry output fivefolds to an average of 120,000 chicken per hour, Chairman Prince Sultan Mohamed al-Kabeer al-Saud was quoted as saying.