Almarai, the largest dairy company in the Middle East, is set to acquire Jordan’s Hammoudeh Food Industries for $70 million. The acquisition will expand Almarai’s presence in Jordan, helping to drive growth in the region and enhance its product portfolio. This deal marks a strategic step in Almarai’s ongoing efforts to strengthen its operations across the Middle East.
Saudi Arabia-based Almarai, the largest dairy company in the Middle East, has announced a major move to acquire Hammoudeh Food Industries, a leading Jordanian dairy producer. The acquisition, valued at SAR 263 million (approximately $70 million), will be conducted through Almarai’s subsidiary, Teeba Investment for Developed Food Processing, as part of the company’s strategy to expand its operations across the region.
Hammoudeh Food Industries, located in Amman, Jordan, has been a key player in the country’s dairy and cheese market for over 50 years, known for its strong brand and high-quality products. The acquisition is expected to strengthen Almarai’s presence in Jordan, allowing the company to capitalize on Hammoudeh’s established market position. The acquisition will enable Almarai to expand its operations, grow its product range, and enhance its ability to serve customers in the region more effectively.
This strategic acquisition aligns with Almarai’s long-term plan to drive sustainable growth and expand its geographical footprint within the Middle East. By leveraging operational scale in Jordan, Almarai aims to increase both sales and profitability, taking advantage of Hammoudeh’s deep market penetration.
The $70 million deal will be financed through Almarai’s internal cash flows, underlining the company’s strong financial health. While the acquisition is subject to regulatory approvals from authorities in both Saudi Arabia and Jordan, it marks a significant step forward in Almarai’s effort to diversify its operations and secure additional market share in the competitive dairy sector.
This move further reinforces Almarai’s commitment to meeting the rising demand for premium dairy products across the Middle East, strengthening its leadership position in the region’s dairy industry.
