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Almarai Company announces the opening and commercial operation of its new Central Production Plant (CPP3) manufacturing facilities in Al Kharj

ALMARAI 2280 5.25% 58.10 2.90

Almarai Company is pleased to announce to its shareholders the opening and commercial operation of its new Central Production Plant (CPP3) manufacturing facilities in Al Kharj on November 23rd 2017, as previously communicated in our Annual Report 2016. This opening was only made possible after all reliability and dependability tests as well as all the quality programs have been met. These new manufacturing facilities will include seven production lines for fresh dairy products such as laban, milk and zabadi. With this new facilities, Almarai will increase its production and manufacturing abilities for high quality fresh dairy products, and contribute towards the needs of the local and regional markets. The total investment will reach SAR 1.2 billion and has been funded through the operating cash flow of the company complemented by a loan from the Saudi Industrial Development Fund (SIDF). This investment will be reflected in the Property, Plant and Equipment accounts of the company as of the end of Q4 2017.

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