Latest news with #Almarai
Zawya
4 days ago
- Business
- Zawya
Beyti, an Almarai subsidiary, hosts awareness session on best sustainable practices in the F&B sector
Cairo – As part of its ongoing commitment to Sustainability, and on the occasion of World Environment Day, Beyti – an Almarai subsidiary – organized an environmental awareness session for the media. The event aimed to promote environmental consciousness and highlight the vital role of the food and beverage industry, along with the broader industrial sector, in supporting sustainability efforts and building a greener future for Egypt and the region. The session featured presentations by Eng. Ahmed Kamal Abdel Moneim, Executive Director of the Environmental Compliance Office and Sustainable Development at the Federation of Egyptian Industries and Technical Advisor for Climate Change; Eng. Ahmed Abo El Saoud, Head of Sustainability for North Africa at Tetra Pak; and Eng. Mohamed Kabbany, Head of Sustainability and Value Chain Development at Beyti – an Almarai subsidiary. These speakers offered in-depth insights into Egypt's sustainability efforts and the industrial sector's crucial role. Discussions centered on recycling and reuse of packaging materials, energy transition strategies, and clean energy initiatives, all emphasizing a commitment to circular economic principles and reduced environmental impact. The session was inaugurated by Mr. Chris Abboud, General Manager of Beyti – an Almarai subsidiary, who stated, 'At Beyti, we take pride in viewing sustainability not merely as an environmental obligation, but as a golden opportunity for innovation and growth. Our commitment spans from grass to glass, as we continually enhance our practices to reduce environmental impact and promote positive social impact under our integrated 'Doing Better Every Day' strategy relying on our 3 core pillars: Caring for People, Protecting the Planet, and Developing Safe Products. This has resulted in our success in avoiding the production of 290 tons of plastic waste annually in 2024, and our reliance on 67% of raw materials and packaging materials from local sources.' In this regard, Eng. Ahmed Kamal Abdel Moneim, Executive Director of the Environmental Compliance Office and Sustainable Development at the Federation of Egyptian Industries and Technical Advisor for Climate Change, inaugurated the session by emphasizing the importance of collaboration between the industrial sector and policymakers. He remarked: 'Climate change is not only an environmental challenge, but a shared social and economic responsibility that demands collective action. Beyti stands as a model in Egypt's industrial sector, having successfully integrated sustainability at the core of its operations. This is a true reflection of its commitment to environmental protection and the advancement of a green economy in Egypt. The partnership between government and the private sector is the only path to achieving real and lasting impact.' Notably, the session reaffirmed Beyti's leadership in sustainability, emphasizing the company's dedication to building effective communication channels with the media and highlighting its comprehensive efforts to implement practical, sustainable solutions across every stage of its value chain. The event also served as an open forum for journalists to delve deeper into sustainability issues, enhancing public awareness of the industrial sector's critical role in tackling environmental challenges. About Beyti: Beyti, an Almarai subsidiary, was established in 1998 as a company specializing in food manufacturing. Beyti is a leading company in the Egyptian food sector and is one of the largest producers and exporters of milk, juices, and yogurt in Egypt. Beyti offers its leading products such as Almarai milk, Almarai yogurt, Almarai Treats, Almarai Yogo, Almarai juice, Almarai cream, and Almarai cheese, in addition to Beyti milk and juices. Beyti's Sustainability Efforts: Beyti – an Almarai subsidiary – embraces a comprehensive sustainability strategy under the theme 'Doing Better Every Day,' built around three core pillars: Planet, People, and Product. This integrated approach reflects the company's long-term vision to become a leading green brand in Egypt's food and beverage sector by 2030. On the environmental front (Planet), Beyti operates the largest solar energy plant connected to the network in the industry, generating 7.6 megawatts and covering up to 20% of the factory's energy needs. It also manages the largest industrial wastewater treatment facility in the sector, with a daily capacity of 3,200 cubic meters — much of which is reused for irrigation. The company has planted over 6,500 trees, recycled more than 25,000 tons of cardboard, and since 2022, has reduced its plastic waste by approximately 290 tons annually — all as part of its commitment to the circular economy and reducing its environmental footprint. In terms of social impact (People), Beyti has significantly advanced gender inclusion, increasing the number of female employees by 58% (2024 Vs. 2023), and raising women representation in leadership roles to 21%. The company also trained over 3,000 employees on gender equality and inclusion. Its flagship youth empowerment program, "El-Kaseeb," has enabled 415 young people from 31 governorates, contributing over 15% of the company's total sales. When it comes to product excellence (Product), Beyti upholds the highest quality and food safety standards. It conducts over 11 million quality tests annually, runs more than 1,000 inspection campaigns, and invests EGP 70 million each year in sterilizing production lines. The company also complies with global quality certifications, including FSSC 22000, ISO 9001, ISO 14001, and ISO 45001. To reinforce its sustainability journey, Beyti signed a sustainability-linked loan agreement with HSBC, setting clear targets to reduce greenhouse gas emissions by 12.3%, decrease water consumption by 9.1%, and cut waste by 55% by 2026. These efforts reaffirm Beyti's role as a responsible industry leader committed to delivering trusted products while creating a measurable positive impact on both society and the environment.
Arab News
22-05-2025
- Business
- Arab News
Aramco, stc drive Saudi brands' value up 14% to $117bn, new report shows
RIYADH: Saudi Arabia's top 100 brands reached a combined valuation of $116.8 billion as of January, up 14 percent year on year, led by energy giant Aramco and telecom operator stc, according to a new report. Marketing consultancy firm Brand Finance said Aramco retained its position as the Kingdom's most valuable brand for the sixth consecutive year, with a valuation of $41.7 billion. The company's strength stems from its global oil production capabilities and investments in low-carbon technologies. The Kingdom's economy remains heavily influenced by its core sectors — energy, banking, and telecommunications — which together represent nearly 74 percent of the total brand value in the rankings. This sector concentration underscores Saudi Arabia's ongoing economic diversification efforts as part of its Vision 2030 strategy. Andrew Campbell, managing director, Brand Finance Middle East, said: 'Saudi Arabia's brand landscape is evolving at an impressive pace, driven by bold strategies, innovation, and a clear vision for the future.' He added: 'From long-standing powerhouses like Aramco and stc to fast-rising brands like Saudia and Almarai, there's a real sense of momentum across sectors. These brands are not only contributing to the Kingdom's economic transformation but also setting new benchmarks for excellence in the region and beyond.' The report further revealed that stc ranked as the Kingdom's second most valuable brand in 2025, with a valuation of $41.7 billion, up 16 percent year on year. This growth is primarily linked to the successful implementation of its Masterbrand strategy, which facilitated expansion into sectors like banking, cybersecurity, B2B, and IT services through strategic mergers and acquisitions. The report by the London-based brand valuation consultancy showed that stc is also ranked as the strongest brand in Saudi Arabia, earning a Brand Strength Index score of 88.7 out of 100 and an AAA rating. Its continued investment in 5G infrastructure and digital financial services has solidified its position as a telecom leader. An AAA rating is the highest possible credit or brand strength rating, indicating robust reliability, quality, and performance. With brand value up 20 percent to $4.7 billion, Dairy producer Almarai is recognized as the Kingdom's third strongest brand, earning a Brand Strength Index score of 85.5 out of 100 and an AAA brand strength rating. This follows the brand's collaboration with Google Cloud, launched in November, which is driving its digital transformation and enhancing operational efficiency. Almarai is also ranked as the top brand in Saudi Arabia for environmental, social, and governance performance, underscoring its strong commitment to ethical business practices, sustainable farming, and reducing carbon emissions. As for Saudia, its brand value surged by 34 percent to reach $1.1 billion in January, making it the fastest-growing Saudi brand and marking its first time crossing the billion-dollar milestone. This achievement is largely attributed to the airline's bold rebranding, along with advances in AI-driven customer service and infrastructure upgrades, which have significantly boosted its global brand visibility. The report further revealed that ROSHN Group, with a brand value of $1.1 billion, is the highest-ranked new entrant in the Kingdom this year. It also became the most valuable real estate brand in the country and secured a place among the top 20 brands overall. This debut reflects the company's strong financial performance and ambitious expansion strategy. 'Saudi Arabia's brand landscape is evolving at an impressive pace, driven by bold strategies, innovation, and a clear vision for the future. It's particularly exciting to see new entrants like ROSHN Group make such a strong debut, showing that diversification and ambition are paying off,' Campbell added.
Zawya
21-05-2025
- Business
- Zawya
Beyti secures $36mln sustainable facility from HSBC Bank Egypt
Arab Finance: Beyti, an Almarai subsidiary, penned a new facility agreement with HSBC Bank Egypt to secure a sustainable linked loan agreement worth EGP 1.8 billion, according to a press release. Chris Abboud, General Manager of Beyti, and Todd Wilcox, CEO and Deputy Chairperson of HSBC Bank Egypt, signed the facility deal, which supports the company's commitment to achieving sustainability and enhancing its environmental practices The agreement also anchors Beyti's efforts to boost its operations' sustainability by lowering its carbon footprint, improving resource efficiency, and adhering to the highest standards of environmental and social governance. "Our goal is to maintain environmental balance by maximizing resource efficiency, striving for zero buried waste, and reducing our carbon footprint. Additionally, we are committed to supporting our entire value chain in achieving sustainability goals," Abboud stated. 'We have successfully localized 67% of our raw and packaging materials, and since 2022, we have diverted 290 tons of plastic waste annually, demonstrating our dedication to recycling solutions and waste reduction,' he noted. He added: "This facility is a pivotal step in accelerating our efforts to reach our goals. It gives us the financial flexibility needed to invest in more sustainable solutions across our operations, allowing us to reduce our carbon emissions by 30% by the year 2030, vs 2019." Meanwhile, Wilcox commented: "This agreement demonstrates HSBC's commitment to providing innovative financing solutions that enable companies to adopt more sustainable practices and facilitate their transition to a low-carbon economy.' © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
21-05-2025
- Business
- Zawya
Almarai's subsidiary Beyti drives sustainability via $36mln loan from HSBC Bank
Egypt - Beyti, an Almarai Company subsidiary, has secured a sustainable linked loan agreement amounting to EGP 1.80 billion from HSBC Bank, according to a press release. The loan aligns with Beyti's commitment to driving sustainability, reducing its carbon footprint, and boosting resource efficiency Chris Abboud, General Manager of Beyti, commented: "We have successfully localized 67% of our raw and packaging materials, and since 2022, we have diverted 290 tons of plastic waste annually, demonstrating our dedication to recycling solutions and waste reduction. These initiatives are key to our mission of achieving sustainability across every aspect of our business." Abboud asserted: "This facility is a pivotal step in accelerating our efforts to reach our goals. It gives us the financial flexibility needed to invest in more sustainable solutions across our operations, allowing us to reduce our carbon emissions by 30% by the year 2030, vs 2019." Todd Wilcox, CEO and Deputy Chairman of HSBC Bank Egypt, said: "This agreement demonstrates HSBC's commitment to providing innovative financing solutions that enable companies to adopt more sustainable practices and facilitate their transition to a low-carbon economy.' During the three-month period that ended on 31 March 2025, Almarai recorded an annual growth of 5.62% in net profit to SAR 731.19 million, compared to SAR 692.22 million.
Zawya
20-05-2025
- Business
- Zawya
Beyti—an Almarai Subsidiary, Reinforces its commitment to sustainability through a sustainability-linked loan agreement with HSBC Bank Egypt
Cairo – In a significant step reflecting its unwavering commitment to achieving sustainability and enhancing its environmental practices, Beyti—an Almarai subsidiary, announced the signing of a new facility agreement with HSBC Bank to secure a sustainable linked loan agreement amounting to EGP 1.8 Billion. An official signing ceremony took place at HSBC's headquarters in the presence of Mr. Chris Abboud, General Manager of Beyti– an Almarai Subsidiary, and Mr. Todd Wilcox, CEO and Deputy Chairperson of HSBC Bank Egypt. The loan terms include several ESG-linked KPIs that will undergo independent verification. These KPIs include an 12.3% reduction in both direct and indirect emissions by 2026 (vs 2023), water intensity reduction by 9.1%, and 55% reduction in waste sent to landfill against the same baseline, as per the company 2023-2027 sustainability roadmap which includes ambitious plans to improve the impact of the company's activities on the environment targeting to achieve zero emissions. This landmark step underscores the shared commitment of Beyti—an Almarai subsidiary to sustainability, with HSBC supporting Beyti and other Egyptian businesses in their transition to net-zero. It also reinforces Beyti's efforts to enhance its operations' sustainability by reducing its carbon footprint, improving resource efficiency, and adhering to the highest standards of environmental and social governance. In this context, Mr. Chris Abboud, General Manager of Beyti, stated: "Sustainability is at the heart of our strategy at Beyti, an Almarai subsidiary. We are committed to 'Doing Better Every Day,' guided by our focus on the 3 P's: People, Planet, and Product. Our goal is to maintain environmental balance by maximizing resource efficiency, striving for zero buried waste, and reducing our carbon footprint. Additionally, we are committed to supporting our entire value chain in achieving sustainability goals. We have successfully localized 67% of our raw and packaging materials, and since 2022, we have diverted 290 tons of plastic waste annually, demonstrating our dedication to recycling solutions and waste reduction. These initiatives are key to our mission of achieving sustainability across every aspect of our business." Abboud further emphasized: "This facility is a pivotal step in accelerating our efforts to reach our goals. It gives us the financial flexibility needed to invest in more sustainable solutions across our operations, allowing us to reduce our carbon emissions by 30% by the year 2030, vs 2019. We greatly value our relationship with HSBC Egypt, a global leader in supporting the transition to a green economy, providing innovative financial solutions that help companies achieve their environmental objectives efficiently and sustainably." For his part, Mr. Todd Wilcox, CEO and Deputy Chairman of HSBC Bank Egypt, said: "Sustainable finance is a fundamental pillar in building a more resilient and sustainable economy. We are proud to be a strategic bank for Beyti— an Almarai subsidiary, as it works toward its environmental and social goals. This agreement demonstrates HSBC's commitment to providing innovative financing solutions that enable companies to adopt more sustainable practices and facilitate their transition to a low-carbon economy.' Beyti—an Almarai subsidiary, strives to accelerate its sustainability strategy through innovative initiatives that minimize its environmental impact and maximize operational efficiency. Beyti's commitment is already evident in its operation of the largest grid-connected solar power plant in Egypt's food and beverage sector (7.6 MW capacity), supplying around 30% of the facility's energy. Furthermore, an EGP 40 million investment in Beheira Governorate's first industrial gas pressure reduction station has transitioned seven nearby facilities from diesel to natural gas, cutting greenhouse gas emissions by 30%. About Beyti: Beyti, an Almarai subsidiary, was established in 1998 as a company specializing in food manufacturing. Beyti is a leading company in the Egyptian food sector and is one of the largest producers and exporters of milk, juices, and yogurt in Egypt. Beyti offers its leading products such as Almarai milk, Almarai yogurt, Almarai Treats, Almarai Yogo, Almarai juice, Almarai cream, and Almarai cheese, in addition to Beyti milk and juices.
