Almarai Company has announced its strategic investment plan for the upcoming five years, set to take place from 2024 to 2028. The focus is on solidifying its position as the leading vertically integrated dairy firm globally and the largest producer and distributor of food and beverages in the Middle East.
Additionally, the company aims to strengthen its contribution to food security, in line with the objectives of Saudi Vision 2030 and the government’s support for private sector development.
In confirming the strategy, HH Prince Nayef bin Sultan bin Mohammed bin Saud Al Kabeer, Chairman of the Company’s Board of Directors, highlighted Almarai’s commitment to becoming the preferred choice for consumers. He emphasized the ongoing implementation of strategies to enter new markets and diversify sectors. It is also important to note, the planned capital investment program for this period surpasses 18 billion riyals, funded through the company’s operational cash flows.
The Chairman of the Board of Directors outlined the plan’s objectives, which include sustaining growth in key operational sectors and regions where the company is located in and operates in. This includes strengthening market presence in GCC countries, Egypt, Jordan, and other regional markets. Additionally, the plan focuses on enhancing innovation capabilities to introduce new food sectors and products. The Board expressed confidence in achieving these ambitious goals through specific strategies and action plans prepared especially for, dairy, juices, poultry, and baked goods sectors, as well as promising sectors like frozen food products, red meat, seafood, and ice cream. Investment studies are also targeted towards additional sectors.
His Highness emphasized that Almarai’s investment strategy focuses on multiple pillars, aiming to attain consistent growth across the company’s business and product lines. This strategy is based on a strong dedication to maintaining very high-quality standards and contributing to food security in its markets. Furthermore, it aims to achieve balance and adaptability, improve operational efficiency and reliability, maintain the integrity of the value chain, introduce innovative investment approaches, and maintain regional leadership in environmental and social sustainability initiatives.
