Almarai Company at the board of directors meeting held on 14th December 2021, the board approved an investment plan to enter the branded local beef category. The investment plan will enable Almarai to offer its consumers local meat at consistently high quality. The plan will be achieved via leveraging Almarai's existing young cattle supply to the market and Route to Market infrastructure. This investment plan will expand Almarai product offering and contribute to the food security agenda as per vision 2030. The investment plan entails an initial investment of SAR 250M, financed from Almarai operating cashflows, to build a new end-to-end production plant, from slaughterhouse to butchery delivering retail ready-packaged branded meat. The investment plan is subject to approval by various regulatory authorities and the expected time frame of this investment is 24 months from the date of final regulatory approval.