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Saudi Arabia
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Saudi’s Fourth Milling achieves record US$170M revenue in 2024, net profit jumps 19%
Operational profit for the full year climbed 21.1% to US$53.46 million while gross profit rose 19.7% to US$79.65 million.
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SALIC launches National Grain Supply Company to enhance Saudi food security
SABIL will manage 14 silo branches across the kingdom, including four located in major ports.
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Modern Mills Company invests US$40M in new Al-Jumum feed mill expansion
With an annual production capacity of 422,000 metric tons, the new plant aims to cater to both poultry and livestock feed.
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Almarai’s US$70M acquisition of Hammoudeh Food Industries fails to materialise
The acquisition could not be completed due to factors beyond the company’s control.
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