On Sunday, Almarai Saudi Company announced the completion of its acquisition of Etmam Logistics Company for 182 million riyals (USD48.5 million), as per a disclosure made to the Saudi Stock Exchange. Etmam Logistics specializes in providing storage and distribution services for frozen products, a strategic area for Almarai’s expansion.
Founded in 1977, Almarai sees this acquisition as a significant enhancement to its ability to serve customers across Saudi Arabia with a broader range of frozen products. This move is expected to support the acceleration of Almarai’s catering services by offering a wider variety of products, thereby driving growth in its poultry sector. Additionally, the acquisition is anticipated to bolster Almarai’s production capacity for frozen products and enable the company to diversify into other product categories in the future.