Almarai to Focus on Saudi Market as Demand Rises for Poultry
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Almarai Co., Saudi Arabia’ largest food producer by market value, isn’t planning to expand in other countries in the Middle East this year as it strengthens domestic sales of poultry and dairy products.
“We have currently no plan for geographical expansion,” Chief Financial Officer Georges Schorderet said in response to e-mailed questions. The company allocated as much as 2.8 billion riyals ($750 million) in capital expenditure this year, he said.