Almarai Company activity

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1 Ocak 2024
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The partnership with PepsiCo continues to grow, as the two companies announced the investment of $345 million in agricultural projects in Egypt. This step was a positive contribution after the Egyptian economy faced many difficulties during the revolution that occurred in 2011 AD. In the same year, Almarai announced the acquisition of a large agricultural company based in Argentina.
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In 2014, Almarai announced that it owned 44% of the market share in the dairy industry in the Arabian Gulf region. In September 2015, Almarai Company raised the prices of some products and reduced the packaging size of some products while maintaining the original price. This angered many citizens, who launched a large-scale boycott movement, which ended with the return of the packages and prices.

Between 2015 and 2016, the company achieved expansionary growth, announcing that it had reached 38,000 employees. Which means that the company has created more than 30,000 job opportunities over the past decade.

In 2016, Almarai Company announced its desire to own agricultural lands in the California region of the United States of America to expand its agricultural sector and acquired 14,000 acres of land in the region. In 2017, Savola announced that it would reduce its stake in the company by 2%.
 
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