Saudia Dairy and Foodstuff Co.
From Wikipedia, the free encyclopedia
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
Saudia Dairy and Foodstuff Company (SADAFCO) was established on 21 April 1976 and began production in 1977.[1] In 1990, three dairy companies merged to officially form SADAFCO.[2] The company launched an initial public offering (IPO) on 23 May 2005, leading to its listing on the Saudi Stock Exchange (Tadawul).[3]
In 2018, SADAFCO acquired a 76% stake in Poland’s Mlekoma for SAR 120 million to strengthen its supply of milk-based products.[4] In 2019, the company completed its Jeddah Central Warehouse, the largest in its network, with a capacity of 42,000 pallets and a total investment of SAR 145 million.[5]
Operations
Operations
SADAFCO operates manufacturing facilities in Jeddah, Dammam, and Riyadh, with distribution centers across Saudi Arabia.[6] The company produces a wide range of dairy and food products, including milk, tomato paste, ice cream, and snacks under the Saudia brand.[7] In 2016, SADAFCO introduced a solar panels project to supply its Riyadh regional center with renewable energy.[8]
In 2023, SADAFCO was included in Fortune Arabia’s inaugural Fortune 500 Arabia list, ranking 183rd among the most successful Arab companies.[9]