Almarai eyes further market share gains in key sectors

Almarai Co. headquarters

Almarai Co. expects to continue gaining market share across key product segments and strategic regions. This is while exploring additional growth and investment opportunities that align with its five-year strategy.

In a statement on Tadawul today, Jan. 19, the company attributed its gradual profit growth in 2024 to its expanded product portfolio, sustained investment in consumer engagement, and a continued focus on operational efficiency.

Stable market conditions and strong performance were key drivers of revenue and earnings growth in 2024, the statement added.

Almarai launched several new innovative products during the year and made its foray into the ice cream segment. Ongoing investments in marketing activities also further strengthened its brand positioning.

Almarai’s profits rose 13% to SAR 2.31 billion in 2024, from SAR 2.04 billion in 2023. Fourth-quarter earnings reached SAR 430.7 million, according to Argaam’s data.