Sun 26 Sep 2010 07:52 AM
Abdulrahman Al Fadley
39

Abdulrahman Al Fadley

Industry: Healthcare

Designation: Almarai is the largest food producer in Saudi Arabia by market value and is mainly engaged in producing and marketing dairy products and fresh juices throughout the kingdom and the GCC countries.

Country: Saudi Arabia

Occupation: Almarai is the largest food producer in Saudi Arabia by market value and is mainly engaged in producing and marketing dairy products and fresh juices throughout the kingdom and the GCC countries.

$38,475

Almarai Co Ltd

Saudi Arabia

Almarai is the largest food producer in Saudi Arabia by market value and is mainly engaged in producing and marketing dairy products and fresh juices throughout the kingdom and the GCC countries. It is also considered the largest dairy products exporter in Saudi Arabia, with the Savola Group holding a 29.9 percent stake.

Despite the downturn, the firm has still seen strong returns and its 4,000 employees each contributed $38,475 in pushing H1 net profits up nineteen percent to $153.9m.

As the largest economy in the Gulf, Saudi's food industry is set for growth. Almarai CEO Abdulrahman Al Fadley is betting on black, and plans to invest $500m in the sector, following on from the company's recent $253.2m acquisition of poultry firm Hail Agricultural Development Co (Hadco).