v

01/10/7102 Almarai Company announces progress in securing 100% of its alfalfa requirements.

In accordance with the terms of the Ministerial Council Resolution no 66 dated 7th December 2015, and pursuing the company announcement dated September 24th 2014, Almarai is pleased to announce that significant progress has been made in securing the supply of quality alfalfa from outside KSA to support its dairy business.

In 2016, 52% of the company's alfalfa requirements were imported from a number of different locations, including Argentina, Romania, Spain and USA.

(The importation of forage versus local production resulted in an increased costs of SAR 160 million.)

The Company is on track to import 100% of its alfalfa requirements from 2019 onwards.

1 | P a g e

Almarai Company published this content on 10 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 January 2017 08:23:02 UTC.

Original documenthttps://www.almarai.com/wp-content/uploads/2017/01/Press_Release_-Feed-requirements-EN.pdf?x11237

Public permalinkhttp://www.publicnow.com/view/D17E5EE370829E9A5664E97438857DB936981CA2