Almarai Company plans to enter Seafood Category

In the Board of Directors meeting held on Monday 13th June 2022, the Board approved an investment plan to enter the Seafood Category.

The investment plan will enable Almarai to offer its consumers with seafood at consistently high quality. This investment plan will expand Almarai product offering and contribute to the food security agenda as per vision 2030.

The investment plan entails an initial investment of SAR 252 million for the seafood processing facility, financed from Almarai operating cash flows.

The investment plan is subject to approval by various regulatory authorities and expected time frame of this investment is 24 months from the date of final regulatory approval.