Almarai organizes suppliers’ forum to foster strategic partnerships

SAUDI ARABIA – Almarai, a giant dairy company, has organized its Suppliers Forum aimed at strengthening strategic alliances, exchanging expertise, and discussing the company’s future expansion plans in line with Saudi Vision 2030 objectives to empower local suppliers and improve operational efficiency.

The forum served as a platform for direct dialogue between Almarai’s leadership and suppliers, covering global supply chain challenges, risk management, and upcoming capital projects and investments that form part of the company’s long-term strategy.

CEO Mr. Abdullah bin Nasser Albader noted that suppliers are essential partners in Almarai’s journey of growth and expansion, highlighting the importance of building long-term relationships founded on trust and collaboration.

He emphasized the company’s commitment to listening to supplier challenges and working jointly to develop solutions that enhance efficiency and support sustainable supply chains.

The forum also highlighted Almarai’s sustainable sourcing policy, which requires all suppliers to adhere to clear standards covering human rights, labor laws, environmental protection, and product safety.

The company conducts regular reviews and guides to help suppliers improve their practices in line with sustainability requirements.

The company continues to empower local suppliers and enhance operational efficiency in line with the objectives of Saudi Vision 2030.

These efforts have reinforced full compliance with Almarai’s sustainable sourcing policy and expanded its network of local suppliers in accordance with the company’s policies and strategic plans.

Almarai records 7% rise in profit on higher sales

The news comes after the company reported a 7% rise in the second quarter net profit, boosted by higher sales and lower costs.

According to a statement from the dairy giant, the company’s net profit, after zakat and tax for the three months ending June 30, rose to US$148.45 million, from the same period last year while revenue during the period rose nearly 4% to 4.79 billion.

“Global commodity cost continued to be flat in the current quarter, although commodities remain at higher levels than in earlier times,” Almarai said in the statement.

“Almarai will continue to manage these risks through better hedging activities and optimizing stock utilization.”

During the previous quarter, the company posted a decline in earnings in its dairy and juice business as a result of the Ramadan period.

However, net profit from the bakery and poultry segments grew due to higher sales and additional capacity, Almarai added.

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