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5-day change | 1st Jan Change | ||
| 95.24 CHF | +2.15% |
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+2.36% | -2.33% |
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CAIRO (Reuters) - Nestle will invest 7 billion Saudi riyals ($1.86 billion) in Saudi Arabia over 10 years, the kingdom's investment ministry said on Twitter on Wednesday.
The ministry added it signed a memorandum of understanding with Nestle in the field of food industries saying it includes establishing a factory and a research and development centre.
The company plans an initial investment of 375 million riyals in Saudi Arabia, it said.
($1 = 3.7582 riyals)
(Reporting by Yasmin Hussein; Editing by Chris Reese)
| 1st Jan change | Capi. | |
|---|---|---|
| -2.33% | 268B | |
| -5.96% | 90.35B | |
| +2.16% | 45.11B | |
| +1.30% | 40.42B | |
| +8.11% | 39B | |
| -0.76% | 37.75B | |
| -13.32% | 30.97B | |
| -8.36% | 28.41B | |
| +3.38% | 22.76B | |
| -10.37% | 22.66B |
NESTLÉ S.A. 
