Almarai launches SAR 4.5 bln investments in Hail to expand poultry production

Almarai headquarters

Almarai Co. announced investing SAR 4.5 billion in Al-Shamli, Hail, to expand in poultry production, according to the company's statement.

CEO Abdullah Al Bader said that the new investments include the establishment of a new plant and farms in Hail. This is in order to expand in poultry production by above 150 million birds annually, or 130,000 tons of poultry products.

Furthermore, these investments will provide 4,000 new job opportunities. It will also contribute to the development of local content, thus reflecting positively on Hail and the rest of the Kingdom, with additional annual returns of about SAR 2 billion, he added.

The company's board of directors approved, on May 2, 2021, SAR 6.6 billion in capital investments to expand the poultry segment, with the aim of doubling its market share, according to Argaam's data.