Saudi Arabia-based Saudia Dairy & Foodstuff Company (SADAFCO), a key player in the Middle East’s dairy and food sector, reported strong financial performance for 2024. The company achieved substantial growth in both sales and profits, driven by innovation, distribution expansion, and its commitment to ESG principles.
Saudia Dairy & Foodstuff Company (SADAFCO), a major dairy and food producer based in Saudi Arabia, has released its financial results for 2024, revealing strong performance and consistent growth. Headquartered in Riyadh, SADAFCO is a key player in the Middle East’s food and beverage industry, known for its high-quality dairy and food products.
The company recorded total sales of SR2.96 billion (USD 789 million), a 6.59% increase from the previous year. Net profits also rose to SR483.16 million, which made up 16.31% of total sales, improving from 14.91% in 2023. These results reflect the success of the company’s ongoing focus on distribution efficiency, product innovation, and strategic brand investments.
CEO Patrick Stillhart credited the results to SADAFCO’s strong market presence, dedicated employees, and forward-looking approach. He highlighted ongoing investments in technology and supply chains, which helped the company stay ahead in an increasingly competitive regional market.
In 2023, SADAFCO transitioned its fiscal year-end from March to December. Comparing the new nine-month period from April to December 2023 with the previous 12-month span, the company reported an impressive 40.32% jump in sales and 48.67% profit growth.
As part of its shareholder return strategy, SADAFCO distributed SR15 per share in cash dividends during 2024. Additionally, the company reaffirmed its commitment to environmental, social, and governance (ESG) principles, aligning with Saudi Vision 2030 and the national target of achieving net-zero emissions by 2060.
With strong financials and a strategic outlook, SADAFCO remains a cornerstone of Saudi Arabia’s evolving food and dairy industry.
