Saleh Al-Mulhem,DeputyCEO ofAddoha Poultry Co.
Addoha Poultry Co. is planning to list shares on the Saudi market at the appropriate time after completing its expansion plans and reaching the required maturity stage, Deputy CEO Saleh Al-Mulhem told Argaam.
In an interview on the sidelines of the Middle East Poultry Expo, he added that the company is currently enjoying a production capacity of 45 million birds annually and seeks to lift this capacity to 65 million birds in Q1 2025, and reach 120 million birds annually in 2030, through five and 10-year expansion plans.
Asked about poultry prices, Al-Mulhem pointed out that the prices of poultry in the Kingdom are logical and reasonable prices, and suitable for all segments of Saudi society.
He further noted that the poultry sector is one of the important sectors to provide food security in the Kingdom, indicating that the government support provided through loans contributed to the establishment of the region’s most high-quality projects.
The executive stated that at the time the company started 35 years ago, there was a need for this type of activity, indicating that the support provided by the government contributed to the empowerment and advancement of the sector.
Meanwhile, the deputy CEO remarked that the company seeks a prosperous leadership in the future of poultry production in the Kingdom and the GCC countries, and seeks to contribute to raising the self-sufficiency rate of the poultry production sector in order to achieve the goal of food security in accordance with the Kingdom’s Vision 2030.
Saleh Al-Mulhem,DeputyCEO ofAddoha Poultry Co.
Addoha Poultry Co. is planning to list shares on the Saudi market at the appropriate time after completing its expansion plans and reaching the required maturity stage, Deputy CEO Saleh Al-Mulhem told Argaam.
In an interview on the sidelines of the Middle East Poultry Expo, he added that the company is currently enjoying a production capacity of 45 million birds annually and seeks to lift this capacity to 65 million birds in Q1 2025, and reach 120 million birds annually in 2030, through five and 10-year expansion plans.
Asked about poultry prices, Al-Mulhem pointed out that the prices of poultry in the Kingdom are logical and reasonable prices, and suitable for all segments of Saudi society.
He further noted that the poultry sector is one of the important sectors to provide food security in the Kingdom, indicating that the government support provided through loans contributed to the establishment of the region’s most high-quality projects.
The executive stated that at the time the company started 35 years ago, there was a need for this type of activity, indicating that the support provided by the government contributed to the empowerment and advancement of the sector.
Meanwhile, the deputy CEO remarked that the company seeks a prosperous leadership in the future of poultry production in the Kingdom and the GCC countries, and seeks to contribute to raising the self-sufficiency rate of the poultry production sector in order to achieve the goal of food security in accordance with the Kingdom’s Vision 2030.