The Ambitious $4.8bn Investment Strategy Focuses of Sustainable Growth and Developments: Almarai Chairman

Almarai firm has unveiled its five-year investment strategy, 2024-2028, to improve its position as the world’s largest vertically integrated dairy firm, as well as the leading producer and distributor of food and drinks in the Middle East. The strategy will strengthen its expanding role in ensuring food security, in line with Saudi Vision 2030 objectives and the government’s support and empowerment of the private sector.

Almarai Company’s chairman of the board of directors, Prince Nayef bin Sultan bin Mohammed bin Saud Al-Kabeer, stated that the plan will strengthen the company’s position as a preferred choice for consumers, and that Almarai will continue to implement strategies that improve its entry into new markets and sector expansion. He stated that the plan’s capital investment program for the specified term exceeds SR18 billion ($4.8 billion), which will be funded by the company’s operating cash flows.

Prince Nayef added that the plan intends to maintain sustainable growth in the company’s core operating areas and territories, as well as to strengthen its position in the markets of the GCC countries, Egypt and Jordan, and other regional countries. The plan also aims to improve capacities for developing new food industries and products. He affirmed the board of directors’ confidence in meeting this aim.

The plan includes particular strategies and action plans for the major operating sectors (dairy, juices, poultry, and baked goods), as well as promising operating sectors (frozen food products, red meat, seafood, and ice cream), as well as sectors identified in investment studies.