May 2026
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Largest Food & Beverages Public Companies in Saudi Arabia
Benchmark revenue and EBITDA valuation multiples for public comps like
Almarai, Savola Group, SADAFCO, First Milling and Arabian Mills.
 | Almarai Co is a manufacturer and distributor of quality food and beverages. Its product portfolio includes dairy products, juices, bakery items, poultry, and infant formula under the brands Almarai, Joosy Life, Beyti, Teeba, L'usine, 7days, Alyoum, and AlBashayer. Its segments include Dairy and Juice, covering milk, dairy, fruit juice, ice cream processing, and distribution; Bakery, covering the manufacturing and distribution of bakery products; Poultry, covering poultry products; and Other Activities, including arable farming, horticulture, infant nutrition, seafood, value-added meat products, and water. The majority of the revenue is derived from the Dairy and Juice segment, with the maximum revenue generated from Saudi Arabia. | $12 | -10% | $12B | $16B | 2.6x | 10.5x | ||
| The Savola Group is a strategic investment holding group in the food and retail sectors in the Middle East and North Africa. It is organized into the following operating segments namely Foods processing, Retail, Food Services, Frozen food and Investment. The group derives majority of revenue from the Foods processing segment which consists of includes manufacturing, sale and distribution of Edible oils, Sugar, Pasta, Spices, Nuts, Pulses and other food products. | $8 | +8% | $2B | $3B | 0.5x | 5.1x | ||
| Saudia Dairy and Foodstuff Co is engaged in the production and distribution of dairy products, beverages, and various foodstuffs in the Kingdom of Saudi Arabia, Poland, and certain other Gulf and Arab countries. The company operates in two segments: Drinks, which include milk and juice products; and Non- drinks, which include ice creams, tomato paste, cheese and snacks. | $59 | -22% | $2B | $2B | 2.3x | 10.7x | ||
| First Milling Co operates as a producer of flour-based products and byproducts. It is mainly engaged in producing flour, bran, wheat derivatives, and animal feed. The Company operates in four regions in the Kingdom of Saudi Arabia, which are its reportable segments. | $14 | -4% | $767M | $1B | 3.5x | 9.6x | ||
| Arabian Mills For Food Products Co is engaged in producing and grinding wheat and feed products throughout the Kingdom. Its commercial activities include Packing and grinding wheat, packing and grinding grits, semolina, and bulgur, manufacture of concentrated feed for animals, manufacture of livestock feed, wholesale of bakery products, trade of specialty and healthy foods, land transportation of goods, storage in ports and customs or free zones, and integrated office administrative services activities. The operations of the Company are in the Kingdom of Saudi Arabia in three branches: Riyadh, Hail and Jazzan. Key revenue is generated from Riyadh. | $12 | +6% | $615M | $781M | 2.9x | 7.6x | ||
| Modern Mills Co is a company whose licensed activities include flour production in Saudi Arabia and all activities related to the provision of wheat products, animal feed, and related products, including making any contracts or any related arrangements. The company operates in three regions in the Kingdom of Saudi Arabia which are also their reportable segments that include Khamis Mushait, Al Jumum, and Al Jowf. The majority of its revenue is generated from the Khamis Mushait. | $7 | -21% | $607M | $790M | 2.8x | 9.2x | ||
| Fourth Milling Co is in the business of flour products in designated areas in Saudi Arabia. Its main business activities include packing and milling of wheat, maize, Barley and rice, production of flour from rice, manufacture of flour and dough for bakeries, manufacture of concentrated fooder for animal, manufacture of cattle fodder, preparation, milling and pressing of animal feed, animal food and feed stores, storage in warehouse of grain silos, flour and agricultural products, storage of goods in foreign trade zones, wholesale of bakery products and trade of special and healthy food. | $1 | +9% | $596M | $624M | 3.5x | 8.4x | ||
| Tanmiah Food Co produces and markets ready-to-cook, poultry, and Deli meat products. Its Business is engaged in the food and agriculture business, which includes manufacturing, wholesale and retail trading in foodstuffs, preparation of animal and poultry feeds for commercial purposes, construction of poultry farms, retail and wholesale trading in poultry equipment, and restaurant outlets with related services. The Group operates in business segments of Poultry, food and agriculture, which includes the manufacturing and distribution of fresh and processed poultry and poultry-related products; and Restaurant outlets. Geographically, it operates in the Kingdom of Saudi Arabia, the Kingdom of Bahrain, Kuwait, and other GCC countries. | $16 | -39% | $320M | $766M | 1.1x | 9.3x | ||
| Halwani Bros is a Saudi Arabia based company engaged in the manufacturing, packaging, wholesale and retail trade of food products. It is into the production, marketing, and distribution of chilled and frozen meat, and sesame products. It offers sweets, bakery products stuffed with dates, dairy products, processed meat products, jams, and juices; Halawa; tahini; and packaging products. Substantial revenue is generated from the domestic sale of sesame products. The Group uses the geographical segment only as it operates in manufacturing, filling, whole and retail trade of food products. | $8 | -31% | $292M | $326M | 1.4x | 10.2x | ||
| SAMA Healthy Water Factory Co engaged in the production and manufacturing of drinking water and ice cubes. The company's operating segments include Water which generates maximum revenue, and Ice. | $1 | -19% | $27M | $30M | 1.3x | 6.5x | ||
| Shmoh Almadi Co is the agent for Mamoula Mamma, Loli, Mamloul Um Salih products, frozen products ready for cooking and plastik. | $2 | -31% | $23M | $24M | 0.7x | 5.2x | ||
| Median | $8 | -19% | $607M | $781M | 2.3x | 9.2x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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