Almarai seeks to boost sales in new markets by 2025, says CEO

05/09/2019 Argaam

 

Almarai Co. seeks to increase sales in new markets to 30 percent by 2025, CNBC Arabia reported, citing Chief Executive Officer, Georges Schorderet.

 

“In addition to the GCC countries, Almarai also seeks to boost foothold in USA, Argentina, Egypt, Jordan, South America and lately Romania to secure cattle feed,” Schorderet added. 

 

Almarai seeks to record high growth rates and strong profitability through acquisitions as well as introducing new techniques and products, he said.

 

Schorderet stated that the Saudi dairy producer will soon introduce a new dessert product.

 

As for the stock MSCI inclusion, Schorderet said the new index inclusion will likely attract global investors and bolster the company’s liquidity.

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