Almarai’s $4.8bn investment strategy targets sustainable growth & expansion
Almarai Company has announced its investment strategy for the next five years, 2024-2028, to strengthen its 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 strategy will consolidate its growing role in achieving food security, in line with the goals of Saudi Vision 2030 and the government’s support and empowerment of the private sector.
Prince Nayef bin Sultan bin Mohammed bin Saud Al-Kabeer, chairman of the board of directors, Almarai Company, said that the plan will consolidate the company’s position as a preferred choice for the consumer and that Almarai will continue to implement strategies that enhance its entry into new markets and expand its sectors. He said the size of the plan’s capital investment program for the said period exceeds SR18 billion ($4.8 billion), and it will be financed from the company’s operating cash flows. Prince Nayef 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 GCC countries, Egypt and Jordan, and other countries of the region. The plan also targets the enhancement of capabilities to develop new food sectors and products. He expressed the board of directors’ confidence in achieving this goal.
The plan lists specific strategies and action plans for the main operating sectors (dairy, juices, poultry, and baked goods) as well as the promising operating sectors (frozen food products, red meat, seafood, and ice cream), in addition to the sectors targeted by investment studies.
Prince Nayef pointed out that Almarai’s investment strategy has been built on several pillars, 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 in environmental and social sustainability.