Almarai appoints Mohammed Al Suliman as Vice President of Dairy Business Unit

SAUDI ARABIA – Mohammed Al Suliman has been appointed Vice President of the Dairy Business Unit, GCC, Almarai, bringing over two decades of experience in FMCG, marketing strategy, brand management, and regional business leadership.

Previously, he served as Head of the Dairy Business Unit at Almarai, where he managed a portfolio representing nearly half of the company’s total volume.

In his new role, he oversees a SAR 9 billion dairy business across Saudi Arabia, the UAE, Kuwait, Oman, Qatar, and Bahrain, focusing on category transformation, commercial growth, and long-term value creation.

Earlier in his career, he worked with Mobily, Alsafi-Danone, and Kraft Foods Group, gaining extensive experience in consumer marketing, brand development, market expansion, and strategic business management across the Middle East.

Almarai appoints Fawaz Al-Jasser as new CEO 

The company appointed Fawaz bin Mohammed Al-Jasser as its new Chief Executive Officer. He will succeed Abdullah bin Nasser Albader, who resigned from the position citing personal reasons. 

Al-Jasser brings nearly 20 years of experience within Almarai, having held senior leadership roles across multiple divisions, including bakery, seafood and human resources.  

He also served as general manager of Teeba Company, the group’s subsidiary in Jordan. Al-Jasser holds a postgraduate degree in Business Administration from the University of Leicester. 

Almarai Company reports US$1.7B revenue in Q3 2026

The company reported revenue of US$1.65 billion in Q3 2026 with broad-based sales growth across markets, product categories and channels, supported by poultry expansion and the contribution from the water business acquisition.

Net profit in Q3 2026 was US$164.8 million, driven by an improved revenue mix, but largely offset by higher dairy feed shipping costs and higher distribution costs from elevated energy expenses.

For the first nine months of 2026, net profit was broadly stable at US$531 million (SAR 1.99 billion) compared to the same period in 2025.

The company continued to benefit from sustained demand across key markets and the ramp-up of recent capacity investments. Its market leadership, cost-control initiatives and operational improvements helped support performance amid continued external cost pressures.

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