Almarai has announced it will invest SR18bn ($4.8bn) in the next five years as it looks to enter new markets and expand its business.
Almarai Company announced its investment strategy for the next five years, 2024-2028, to strengthen its leading position as the largest vertically integrated dairy company in the world, and the largest in the production and distribution of food and beverages in the Middle East.
The investments will consolidate its growing role in achieving food security.
Almarai investments
Prince Nayef bin Sultan bin Mohammed bin Saud Al Kabeer, Chairman of the Company’s Board of Directors, confirmed that Almarai will continue to implement strategies that enhance its entry into new markets and expand its sectors.
He said the investments exceed SR18bn ($4.8bn), and it will be financed from the company’s operating cash flows.
He explained that the plan aims to continue achieving sustainable growth in the main operating sectors and regions in which the company is located, and to strengthen it in the markets of the Gulf Cooperation Council countries, Egypt, Jordan, and the countries of the region.
The investments will target the main operating sectors of dairy, juices, poultry, and baked goods, as well as sectors such as frozen food products, red meat, seafood, and ice cream.
Follow us on
