Almunajem Foods shares hit lowest price since debut

Logo of Almunajem Foods Co.

Shares of Almunajem Foods Co. hit their lowest level since listing on the Saudi Exchange (Tadawul), at SAR 55 today, March 26.

The stock ended today’s session 2% lower, with nearly 900,000 shares traded.

Almunajem Foods was established in 1950 and was listed on Tadawul in December 2021. The company made no amendments to the capital since its inception.

The company’s business portfolio comprises importing, marketing, distributing and producing quality frozen, chilled and dried foodstuffs. It provides over 700 products under five main categories. These include a range of frozen, chilled and dry food products, such as meat and poultry, dairy, frozen fries, vegetables and fruits, olives and olive oil, rice and spices. The company also produces various meat products, which are sold locally.

The company has 14 branches across the Kingdom, 12 of which are equipped with temperature-controlled warehouses.

The following table shows the key financial indicators: