Nofoth Food Products Co
TTADAWUL:22885.88
SAR
-0.06
(-1.01%)
ISIN
SA16GG4H3O15
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Growth Rates
SAR
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in mil. unless spec.Quarterly Revenue
SAR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Ibrahim Abdullah Ibrahim Al Amiqan
- Full Time Employees
- 80
- Sector
- Consumer non-durables
- Industry
- Food: specialty/candy
- Address
- Abu Bakr Al-Siddiq Riyadh Saudi Arabia 6383
- IPO Date
- Jan 10, 2023
- Website
- nofoth.com
- Similar Companies
- Business
- Nofoth Food Products Co. Saudi Arabia operates as a vertically integrated food and confectionery manufacturer and distributor, focusing on automated bakery production, baked goods and pastry items, confectionery and sweets, nuts, spices, and related retail and food-service activities; it conducts wholesale, export, and contract food-service operations, and maintains restaurants and dry food stores across the region with a diversified footprint in the Saudi market and Gulf region; headquartered in Riyadh, it was founded in 2014 and is listed on Tadawul (ticker 2288.SR). The company’s core activities include automated production of bread and bakery products; manufacturing of pies, biscuits, oriental and folk sweets; production of sugary confections such as caramel, toffee, nougat; wholesale and export of used oils; retail sale of nuts, coffee, spices, perfumes, and dry foods; food-service contracting; road transport of refrigerated and frozen goods; operations include restaurants with service and other related retail formats; geographic deployment encompasses Saudi Arabia and neighboring Gulf markets. Recent major changes include board-level actions and capital enhancement initiatives involving a 2023-2023/2024 capital increase proposal to double stated capital through bonus shares, with regulatory approvals in 2023-2024 and ongoing investor relations communications; the company also announces updates on governance and capital structure in 2025-2026, signaling strategic alignment with expansion and liquidity initiatives; the firm pursues strategic expansions via cloud kitchen concepts and expanded distribution, reinforcing its multi-brand, multi-channel approach to core food and confectionery offerings. Industry and business segments span food manufacturing, wholesale distribution, retail food services, and contracted catering; target markets are retail consumers and institutional buyers within Saudi Arabia and the Gulf, with potential cross-border export activity; subsidiaries and parent relationships include alignment under the group structure with centralized procurement and manufacturing capabilities; headquarters remain in Riyadh, with operations executed through automated bakeries and a network of retail and food-service channels.