Almarai Unveils 2024-2028 Investment Strategy
With Group General Counsel Spyros Zampelis (pictured) at the helm of its legal department, Almarai Company, one of the Middle East’s largest dairy company, has announced its comprehensive investment strategy for the upcoming five years, spanning from 2024 to 2028. The strategy aims to fortify its position as the world’s largest vertically integrated dairy company and the leading producer and distributor of food and beverages in the Middle East. Almarai intends to bolster its role in achieving food security, aligning its efforts with the objectives outlined in Saudi Vision 2030 and the government’s commitment to supporting and empowering the private sector.
His Highness Prince Nayef bin Sultan bin Mohammed bin Saud Al Kabeer, Chairman of the Company’s Board of Directors, emphasized that the investment plan reflects Almarai’s commitment to becoming the preferred choice for consumers. The strategy focuses on penetrating new markets, expanding existing sectors, and fostering sustainable growth. With a capital investment program exceeding 18 billion riyals, the company aims to finance these initiatives through its operational cash flows.
Prince Nayef highlighted the strategy’s core objectives, which include sustaining growth across Almarai’s primary operating sectors and regions, particularly in the Gulf Cooperation Council countries, Egypt, Jordan, and neighboring regions. The plan underscores the importance of innovation and product development to introduce new food sectors and offerings. The Board of Directors expressed confidence in achieving these ambitious targets through specific strategies and action plans tailored to each operating sector, including dairy, juices, poultry, baked goods, and emerging sectors like frozen foods, red meat, seafood, and ice cream.
The investment strategy rests on several pillars, emphasizing consistent growth, adherence to quality standards, and support for food security initiatives. Almarai aims to strike a balance between efficiency and reliability while enhancing its value chain integrity. Furthermore, the company is committed to upholding regional leadership in environmental and social sustainability, employing advanced investment methods to drive progress and resilience.
