Almarai, a $4.2 billion (€4 billion) Saudi-Arabian multinational dairy company listed on the Saudi stock exchange, is planning to enter the seafood sector with an initial investment of SAR 252 million (€63.8 million/$67 million).

Its plan includes establishing industrial facilities for processing seafood. The project will be financed internally from the company’s operating cash flows after obtaining the necessary approvals from the regulatory authorities.