Al-Jouf Agricultural targets 12% market share via French fries factory: CEO

Mazen Badawood, CEO of Al-Jouf Agricultural Development

Al-Jouf Agricultural Development Co.'s French fries factory will work at its maximum production capacity of 35,000 tons annually, as the company seeks to acquire a market share of at least 12% in Saud Arabia, CEO Mazen Badawood told Argaam.

 

He added that the French fries market shows strong growth annually, with an estimated size of nearly 300,000 tons and a value of approximately SAR 1.9 billion in the Kingdom.

 

The factory’s production capacity can be increased to 53,000 tons annually, the top executive said.

 

Al-Jouf Agricultural announced on Dec. 17 the start of commercial production at its Al-Jouf-based French fries factory. The relevant financial impact will likely be reflected on the company’s financials starting from Q1 2024, according to data available with Argaam.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request