Saudia Dairy and Foodstuff Co.

Last updated
Saudia Dairy and Foodstuff Co.
Tadawul: 2270
ISIN SA000A0EAXM3  OOjs UI icon edit-ltr-progressive.svg
Industry Agriculture
Genre Dairy
FoundedApril 21, 1976;48 years ago (April 21, 1976)
Key people
Patrick Stillhart (CEO)
Products UHT milk, tomato paste, ice cream, cheese, instant milk powder, breakfast cream, fruit nectars, butter, and French fries
Revenue634,742,000 Saudi riyal (2019)  OOjs UI icon edit-ltr-progressive.svg
Total assets 1,915,742,000 Saudi riyal (2019)  OOjs UI icon edit-ltr-progressive.svg
Website sadafco.com

Saudia Dairy and Foodstuff Co. (SADAFCO) is a Saudi Arabia-based dairy company.

Contents

History

The company was established on April 21, 1976, [1] and became publicly-traded in 2005. [2] In 2018, SADAFCO acquired Polish dairy producer Mlekoma in order to grow its supply of milk-based products; the transaction was valued at SR120 million ($32 million). [3]

On November 1, 2021, Patrick Stillhart replaced Waltherus Matthijs [4] as CEO of the company after previously having held executive positions at both Cereal Partners Worldwide and Nestle. [5] In 2023, the company expanded its business into Oman after landing a deal to sell and export its products there. [6]

Operations

The company has three factories, two in Jeddah and one in Dammam. [2]

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References

  1. "Tetra Pak, Sadafco celebrate 40 years of partnership". Saudi Gazette . Jeddah. July 18, 2016. Retrieved December 14, 2023.
  2. 1 2 "Saudia Dairy & Foodstuff Company (SADAFCO)". eyeofriyadh.com. Eye of Riyadh. Retrieved October 5, 2023.
  3. "SADAFCO acquires Polish dairy producer Mlekoma". Arab News . August 19, 2018. Retrieved October 5, 2023.
  4. "Saudia Dairy and Foodstuff names new CEO". tradearabia.com. Trade Arabia. Archived from the original on 2023-10-05. Retrieved October 5, 2023.
  5. "Who's Who: Patrick Stillhart, chief executive officer of Saudia Dairy and Foodstuff Co". Arab News . January 26, 2022. Retrieved October 5, 2023.
  6. Mubasher (June 11, 2023). "Saudi SADAFCO expands footprint in Oman with new deal". zawya.com. Zawya . Retrieved October 5, 2023.