Tuesday, 24 November 2009 | 20:55 UAE time
COMPANIES
Almarai Company - Saudi Arabia
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COMPANY DESCRIPTION
Almarai Co, the largest dairy company in Saudi Arabia by market value, operates dairy farms and processes food, in addition to marketing dairy products and fruit juices. The name Almarai means ‘green pastures’ in Arabic.The firm began 2009 in bold fashion as it looks to consolidate its presence in the Kingdom and expand overseas. It announced in February it was entering into a joint venture with drinks giant PepsiCo to invest in dairy and juice processors in the Middle East, South East Asia and Africa. Known as International Dairy and Juice, the venture will be 52 percent owned by PepsiCo and 48 percent by Almarai.
A month later, Almarai announced it would invest $173m to build a baby-formula food plant. The company would start selling baby-food products within 18 months of the investment, it said in a statement.
KEY INFORMATION
Industry
Beverages and Juices, Dairy Products, Mills and Bakeries
Address
Exit 7, North Circle Road, Al Izdihar District, 8524, Riyadh, Saudi Arabia
T
966 1 4700005
F
966 1 4701555
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 1976 | - |
MAJOR SHAREHOLDERS
| Name | Country | ||
|---|---|---|---|
| Savola Group | companies | 25.3 | Saudi Arabia |
| Sultan Bin Mohammed Bin Saud Al Kabeer Al Saud | individuals | 30.2 | Saudi Arabia |
PORTFOLIO
| Name | Country |
|---|---|
| Almarai Company - Bahrain | Bahrain |
| Al Safwa Dairies | Saudi Arabia |
| Arabian Planets for Trade and Marketing | Oman |
| Green Farms Dairies | Saudi Arabia |
| International Baking Services Company | Saudi Arabia |
| Riyadh Dairy Company | Saudi Arabia |
| Western Bakeries Company | Saudi Arabia |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Sultan Bin Mohammed Bin Saud Al Kabeer Al Saud | Chairman |
| Abdulrahman Bin Abdulaziz Al Muhanna | Board Member |
| Mousa Omran Al Omran | Board Member |
| Mohammed Al Damer | Board Member |
| Nasser Al Muttawa | Board Member |
| Naif Bin Sultan Bin Mohammed Bin Saud Al Kabeer | Board Member |
| Majed A. Al Gassabi | Board Member |
| Ibrahim M. Al Issa | Board Member |
| Sami Mohsen Baroom | Board Member |
| Abdulrahman Al Turaigi | Secretary of the Board |
| MANAGEMENT | Position |
| Majed Nofal | General Manager - Bakery Division |
| Tom Trimble | Head of Strategic Business Unit |
| Michael Montgomery | Head of Internal Audit |
| Abdulrahman Bin Abdulaziz Al Muhanna | Managing Director |
| Abdulrahman Al Fadley | Chief Executive Officer |
| Georges Schorderet | Chief Financial Officer |
| Hassam Abdulqader | General Manager - Marketing |
| Andrew Mackie | General Manager - Farming |
| Nicholas Jay | General Manager - Sales |
| Abdulrahman Al Turaigi | General Manager - Human Resources |
| Abdullah Abdulkarim | General Manager - Administration |
| Alan Van Der Nagel | General Manager - Operations |
| Malcolm Jordan | General Manager - Quality and Product Development |
| ADVISORS | Position |
| Mohamed Ahmed Tahir | Legal Counsel |
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Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details.
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