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Almunajem Foods Co., a Saudi food and poultry company, reported improved operational efficiency and profitability in Q1 2026, despite a slight revenue decline. Managing Director Thamer Abanumay attributed the higher net profit to cost management, improved sales mix, and margin growth in key categories like meat, dairy, and produce. The company is also expanding with new projects in Jeddah, including a 35,000-ton annual production facility for poultry, red meat, seafood, and cheese, alongside a 60,000-pallet logistics warehouse. These projects are expected to begin operations by Q2 2026 and drive financial growth by mid-2026. Additionally, Almunajem acquired the 'Doux' and 'Supreme' brand rights in Saudi Arabia, the Gulf, and Yemen, aiming to expand its market share in poultry and processed foods.
For markets, the news highlights Almunajem’s strategic investments in infrastructure and brand diversification, which could enhance its competitiveness in the Saudi food sector. The company’s focus on operational efficiency and margin expansion may attract investors seeking stable returns in the Tadawul-listed food and agriculture sector. The Hajj season-driven demand further underscores the company’s resilience to local market challenges.
Looking ahead, investors should monitor the financial impact of the Jeddah projects in H2 2026 and the integration of acquired brands. The company’s ability to sustain margin improvements amid fluctuating sales volumes in key categories will be critical. The expansion also positions Almunajem to benefit from Saudi Arabia’s Vision 2030-driven food security initiatives.
