AFRICAN & MIDDLE EAST NEWS

The company reported a 33% year-on-year increase in net profit to SAR 84.89 million (US$22.6M), up from SAR 63.94 million in the same period last year.

The accolade highlights the company’s efforts to create an inspiring and motivating workplace that supports employee development and drives operational excellence across its milling and food ingredient operations.

These measures, designed to formalize the sector and ensure the technical capacity of operators, have sent shockwaves through the regional rice market, prompting many traders to divert shipments to neighboring ports.

For three days, Zambia’s capital will be a meeting point for the region’s most influential players in the grain, milling, and feed industries, as well as the wider agri-food ecosystem.

The announcement marks a significant strategic pivot for a country whose bread subsidy system underpins social stability for tens of millions of citizens.