Almarai launches $4.8bn five-year investment strategy
RIYADH, March 18, 2024
Almarai, a leading Saudi food company, has 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.
It will also consolidate its growing role in achieving food security in line with the goals of Saudi Vision 2030 and the state's support and empowerment of the private sector.
Unveiling the strategy, Chairman Prince Nayef bin Sultan bin Mohammed bin Saud Al Kabeer said it will consolidate the company’s position as a preferred choice for the consumer and the company will continue to implement strategies that enhance its entry into new markets and expand its sectors.
Pointing out the size of the plan’s capital investment programme for the five-year period, Prince Nayef said the target exceeds SAR18 billion ($4.8 billion) and the entire programme will be funded through the company’s operating cash flows.
According to him, 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 countries as well as Egypt, Jordan, and the countries of the region.
It will focus on developing the capabilities of innovation and innovation for new food sectors and products.
"We are confident of achieving these ambitious goals through specific strategies and action plans for the main operating sectors (dairy, juices, poultry, and baked goods) and the promising operating sectors (frozen food products, red meat, seafood, and ice cream), in addition to the sectors in which investment studies are targeted," he added.
According to him, Almarai's investment strategy was built on several pillars, aiming to achieve steady growth in the company's business and products, while strictly adhering to quality standards and working to support food security in the markets in which it operates.
It also seeks to achieve balance and flexibility, enhance efficiency and reliability, maintain the integrity of the value chain while developing new and more advanced investment methods, and maintain regional leadership about environmental and social sustainability, he added.-TradeArabia News Service
