Market: Kuwait | Symbol: ALEID | ISIN: KW0EQ0702591 | Industry: Consumer Discretionary |
A leading company in the import, trade and distribution of food goods, Aleid Foods Company was established in 1994 with a paid-up share capital exceeding KD 12 million. The Company is listed on Boursa Kuwait under the “Consumer Services” sector since 2018.
Aleid Foods holds a significant share of the local market as it serves the needs of consumers through value offerings and quality products. The Company owes its success to a flexible and vertically-integrated business model that enables it to provide a wide range of solutions for the food industry. With its strong distribution network and logistical setting, Aleid Foods brands are found in every household thanks to a wide distribution in cooperative societies (coops), supermarkets as well as the government-owned “Tamween” supply, small groceries and food catering companies.
Today, the Company remains focused on reinforcing its financial and operational position by growing its market share in Kuwait, expanding to new markets in the Middle East, as well as launching new products and acquiring the distribution rights of regional and international food brands. It aims to cater to changing modern markets by expanding its marketing and distribution, and developing advanced storage and processing facilities.
Aleid Foods launched a transformation strategy aimed at increasing efficiency and digitizing its operations. New manufacturing and packaging business lines will be introduced, supporting by the construction of an upcoming new 7,000-square meter factory for packaging food goods at a production capacity of 5,037 tons annually, in addition to a second factory covering two thousand square meters to produce sugar cubes at a capacity of 31,700 tons annually.
Share data | 21/01/2025 | ||
Currency | KD | Volume | 1,908,409 |
Previous Close | 0.240 | Number of Shares (mln) | 303.316 |
Change (%) | 1.695 | Market Cap (mln) | 72.796 |
Key Financial Indicators (KD) |
2021 |
2022 |
2023 |
Sales | 22,862,583 | 28,199,327 | 35,118,071 |
Total revenue | 3,900,596 | 4,744,125 | 5,909,162 |
Net profit for the year | 2,249,811 | 2,604,114 | 3,414,270 |
Earnings per share attributable to the shareholders of the "parent company" (Fils) | 13.00 | 13.48 | 16.60 |
Total assets | 28,469,781 | 31,645,167 | 63,509,490 |
Total equity | 21,223,184 | 22,754,809 | 45,940,077 |
Net cash generated from operating activities | 1,742,061 | 838,422 | -887,087 |
Net cash used in investing activities | -413,922 | -222,561 | -20,556,026 |
Net cash used in financing activities | -1,007,136 | -124,335 | 20,517,875 |
Cash and cash equivalents at end of the year | 1,182,615 | 1,715,251 | 942,419 |