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Almarai Company Announces Poultry Category Thrust & Confirming its Full Commitment towards achieving Food Security

ALMARAI 2280 1.99% 56.30 1.10
Element List Explanation
Announcement Detail In the Board of Directors meeting held on Sunday April 5th 2020, the Board re-affirmed Almarai’s objective to deliver its “Quality you can trust” commitment to consumers.

Whilst being an integral part of the National Food Security system, Almarai understand that “Our responsibility is bigger”. In that spirit, the Board of Directors has confirmed an ambitious plan to expand within the Poultry segment and have approved an investment of SAR 275 million to expand the existing processing facilities, and also approved the development of grandparent farming and production facilities to enable a full vertical integration of the poultry supply.

In addition to the above, Almarai’s management will undertake a comprehensive study to assess any potential further expansion into basic food categories that will contribute to the Food Security agenda.

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