Tuesday, July 17, 2018
 Saudi Arabian Food Company To Invest $5.59B To Strengthen Food and Beverage Operation  

Saudi Arabian food company Almarai is planning to invest around SAR21bn ($5.59bn) to strengthen its food and beverage operations between 2016 and 2020. The latest plans follow the company's previous plans to invest SAR15.7bn ($4.2bn) until 2017 to grow its business across dairy, bakery and poultry segments.

 

Almarai believes that the existing investment plan will not allow the company to achieve its goals. The new investment plan will allow Almarai to reinforce its presence in all segments and geographies as well as double its revenues. 


The company will expand its farming, manufacturing, distribution and logistics activities across all the segments. Almarai plans to use its operating cash flows, bank facilities, and secure funds from Saudi Industrial Development Fund and Arab Development Fundas well as use its recently launched Sukuk program, an Islamic equivalent of bonds.


Almarai manufactures dairy and juice products under the Almarai brand; bakery products under the L'usine and 7 Days brands; and poultry products under the Alyoum brand.


A few of their products include fluid milk, UHT milk, evaporated milk, cheese, butter and infant formula.

 

Source: Almarai

 


Posted on Thursday, May 28, 2015 (Archive on Thursday, June 04, 2015)
Posted by bholcomb@adpi.org  Contributed by bholcomb@adpi.org
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