Al Bader was the executive vice president of Almarai's bakery line of business since 2015.
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Almarai dairy products Head Office is seen in Riyadh, Saudi Arabia July 12, 2018. Image used for illustrative purpose. REUTERS/Faisal Al Nasser

Saudi Arabia’s Almarai, the Gulf’s largest dairy company, has appointed Abdullah Nasser Al Bader as CEO, effective from March 7.

Al Bader was the executive vice president of Almarai’s bakery line of business since 2015, the company said in a bourse statement.

Almarai, which has the kingdom’s sovereign wealth fund (PIF) and Savola Group, the kingdom’s largest food products company, among its investors, posted a 10 percent rise in the full-year 20202 net profit driven by a 7 percent increase in revenue in food, long-life dairy and poultry segments, and lower funding costs.

Last month, 14 of our dairy farms in Maine, as well as dozens of dairy farms across northern New England, got an unexpected and disappointing notice from Danone of North America saying that they were discontinuing their contracts with our organic dairy farmers in Maine, New Hampshire, Vermont and elsewhere.

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