Salalah Mills described the agreement as a key step in its long-term growth and diversification strategy.
While Energy delivered strong gains, CHS said its grains segment remained under pressure.
This deal underscores Saudi firms’ surge in cross-border M&A, with BinDawood joining peers like Savola in UAE expansions.
The agreement represents a significant milestone in Kerry’s continued growth across the Middle East and underscores the company’s commitment to driving food and beverage innovation in one of the world’s most dynamic markets.
The move underscores the company’s ambition to expand its footprint beyond traditional categories and meet the rising demand for wholesome, protein-rich, and convenient snack options.