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.