Almarai attributes price increase to less sugar-dependent formula
21/01/2020
Argaam

Almarai Co. attributed the increase of juices price to the adoption of a less sugar-dependent formula which is more expensive, according to Makkah Newspaper.
The new formula enhanced the products quality and helped reduce sugar to normal levels.
Saudi Arabia started to impose a 50% tax on sweetened drinks as of Dec. 1, 2019, according to data compiled by Argaam.
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Market Indices
TASI
11,251.81
84.27
0.75 %
Quotes
ALMARAI
42.42
0.26
0.62%
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