The Middle East's

Top 100 Listed
Companies 2022

38. Almarai

Country: Saudi Arabia

Sector: Food & Beverages

CEO: Abdullah Albader

Market Value: $13.6 billion

Sales: $4.2 billion

Profits: $421 million

Assets: $8.5 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.