2023-12-31 20:31:35
Saudi Milk, one of the leading dairy companies in Saudi Arabia, has been the topic of recent controversy as it has been revealed that the owners of the company are actually Kuwaiti businessmen. The company, which was founded in Jeddah in 1976, has been a popular choice for dairy products in the country.
It has been reported that the company was initially owned by businessmen from Kuwait, Europe, and Saudi Arabia. However, in 1991, the European owners withdrew from their shares in the company, leaving it in the hands of Saudi and Kuwaiti owners.
Currently, all of the directors of Saudi Milk are Saudi nationals, but it has been revealed that Kuwaiti businessmen, including Amir of Kuwait Hamad Sabah Al Ahmad, are also members of the board of directors. This has raised questions about the true ownership and control of the company.
Despite the controversy surrounding its ownership, Saudi Milk’s most prominent product, Longlife milk, continues to dominate a third of the dairy market in Saudi Arabia. The company, known as Sadafco, also employs a large number of Indian workers, including hundreds of Malayalis.
The revelation of the Kuwaiti ownership of Saudi Milk has sparked debate and discussion in the country, with many calling for transparency and accountability in the ownership of major companies. The company has yet to respond to the reports and clarify the situation, leaving many consumers and investors curious about the true ownership of one of the country’s most beloved dairy producers.
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