Saudi agrifood company reports higher sales while costs and lower poultry prices weigh on margins
This is part of broader expansion beyond bakery origins
Seasonal demand before Ramadan has pushed chicken prices to multi-month highs, prompting the government to expand subsidised frozen poultry imports.
Authorities are drafting a roadmap to revive domestic poultry production while advancing the country’s first commercial marine aquaculture venture.
Mondelēz names Ziad Abla to lead Arabia operations as the company deepens investment and growth focus in Saudi Arabia.