Saudia Dairy and Foodstuff Co. (SADAFCO) is a Saudi Arabia-based dairy company.
| Tadawul: 2270 | |
| ISIN | SA000A0EAXM3  |
| Industry | Agriculture |
| Genre | Dairy |
| Founded | 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 |
| Revenue | 634,742,000 Saudi riyal (2019) |
| Total assets | 1,915,742,000 Saudi riyal (2019) |
| Website | sadafco |
History
editThis section needs expansion. You can help by adding to it. (October 2023) |
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
editThis section needs expansion. You can help by adding to it. (October 2023) |
The company has three factories, two in Jeddah and one in Dammam.[2]
References
edit- ^ "Tetra Pak, Sadafco celebrate 40 years of partnership". Saudi Gazette. Jeddah. July 18, 2016. Retrieved December 14, 2023.
- ^ a b "Saudia Dairy & Foodstuff Company (SADAFCO)". eyeofriyadh.com. Eye of Riyadh. Retrieved October 5, 2023.
- ^ "SADAFCO acquires Polish dairy producer Mlekoma". Arab News. August 19, 2018. Retrieved October 5, 2023.
- ^ "Saudia Dairy and Foodstuff names new CEO". tradearabia.com. Trade Arabia. Archived from the original on 2023-10-05. Retrieved October 5, 2023.
- ^ "Who's Who: Patrick Stillhart, chief executive officer of Saudia Dairy and Foodstuff Co". Arab News. January 26, 2022. Retrieved October 5, 2023.
- ^ Mubasher (June 11, 2023). "Saudi SADAFCO expands footprint in Oman with new deal". zawya.com. Zawya. Retrieved October 5, 2023.