Market Value: $13.6 billion
Almarai is one of the world’s largest vertically-integrated dairy companies and one of the region’s largest food and beverage manufacturing and distribution companies. Abdullah AlBader joined the company in 2000 and became CEO in March 2021. In March 2021, Almarai acquired Bakemart in the U.A.E. and Bahrain. In November 2021, it completed the acquisition of the Binghatti Beverages’ production facility in the U.A.E. for $58.6 million. Saudi Arabia is the major contributor towards sales for the group, followed by the U.A.E.