Balady announces strategic plan with SAR 1.1B investments

Balady Poultry Trading Co. announced its strategic expansion plan for 2025-2029, which includes investments worth SAR 1.14 billion in the poultry segment, according to a Tadawul statement.

The plan aims to establish a slaughterhouse and a factory for the production of poultry meat, with a capacity of 500,000 birds per day.

It also includes the construction of 600 broiler chicken coops, as well as two hatcheries with an annual capacity of 100 million sauces each.

The expansions will be financed through surplus cash resources from the company's accounts as well as facilities and loans from the Agricultural Development Fund and commercial banks in the form of Shariah Murabaha.

The plan aims to boost the poultry production capacity and meet the constant demand. It will also contribute to food security, achieve vision goals, and maximize shareholders' equity.