Riyadh – Mubasher: The board members of Nofoth Food Products Company approved a strategic plan for the period from 2026 to 2030 to achieve sustainable growth and maximize shareholder value.
The new strategy aims to boost operational efficiency, diversify revenue streams, and anchor the company’s position in the food sector, according to a bourse disclosure.
Nofoth intends to strengthen the core business and invest in research and development while maintaining a steady pace of launching new products, with a target of no fewer than 25 innovative and high-quality products.
The company also plans to expand in central areas of Makkah and Madinah, in addition to launching businesses outside the Kingdom.
Moreover, the Tadawul-listed firm is evaluating potential acquisitions in sectors complementary to its business, particularly the healthy and balanced food sector, coffee, and hospitality.
The financial impact of this plan is expected to appear gradually, starting from 2026 through to the end of the plan in 2030.
The company recently disclosed interim cash dividends amounting to SAR 4.73 million for the first quarter (Q1) of 2026.
