‎Almarai eyes further market share gains in key sectors

‎Almarai eyes further market share gains in key sectors ‎Almarai eyes further market share gains in key sectors

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Almarai Co. headquarters

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

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In a statement on Tadawul, the company attributed its gradual profit growth in 2024 to an 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 innovative products during the year and expanded into the ice cream segment. Ongoing investments in marketing further strengthened its brand positioning.

Net profit rose 13% year-on-year (YoY) to SAR 2.31 billion in 2024, up from SAR 2.05 billion in 2023. Fourth-quarter earnings reached SAR 430.7 million, according to Argaam’s data.

 

Almarai Co. headquarters

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

In a statement on Tadawul, the company attributed its gradual profit growth in 2024 to an 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 innovative products during the year and expanded into the ice cream segment. Ongoing investments in marketing further strengthened its brand positioning.

Net profit rose 13% year-on-year (YoY) to SAR 2.31 billion in 2024, up from SAR 2.05 billion in 2023. Fourth-quarter earnings reached SAR 430.7 million, according to Argaam’s data.

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