SADAFCO acquires Polish dairy producer Mlekoma

Wout Matthijs, CEO of SADAFCO.
Updated 21 August 2018

SADAFCO acquires Polish dairy producer Mlekoma

In a move to enhance its milk powder supplier base, Saudia Dairy and Foodstuff Company (SADAFCO) acquired the Polish dairy producer Mlekoma through its subsidiary company SADAFCO Poland. The acquisition agreement grants the Saudi company an initial stake of 76 percent in Mlekoma Sp z.o.o and its unit Foodexo sp.z o.o (Mlekoma Group), a transaction valued at SR120 million ($32 million).
In Poland, the Mlekoma group owns two plants specialized in the production of powdered, condensed and fluid products as well as whole milk, cream, butter milk and fat filled powders. In addition, the group’s business activity involves an export business to Europe, Africa, the Middle East and the Far East.
As a result of the acquisition, the financial results for the next quarter of both parties will be consolidated under SADAFCO, as recently announced by the Saudi Stock Exchange (Tadawul). The terms of the agreement stipulate that the existing management board of Mlekoma will continue to serve their managerial roles under the new headship.
Wout Matthijs, CEO of SADAFCO, said: “This move comes out of SADAFCO’s resolute focus on remaining profitable, despite the numerous challenges we face in a highly competitive domestic market. The acquisition offers an option to purchase milk powder from our own powder production facility, which offers both security of supply and remains flexible within the global market.
“We view this acquisition as an opportunity to ensure Saudia-branded products remain in the forefront in the consumers’ minds and continue to contribute to the overall Saudi economy’s growth long into the future.”

360-degree mentoring to boost Saudi social enterprise sector

Updated 23 May 2019

360-degree mentoring to boost Saudi social enterprise sector

The King Khalid Foundation (KKF) and Mowgli Mentoring have collaborated to strengthen the growing social enterprise sector in the Kingdom through the provision of 360-degree mentoring, which will support the personal and professional development of social entrepreneurs. The EMCC-accredited mentoring organization is working to built the capacity of Saudi mentors by instilling best mentoring practices and sharing experiences from its 10-year work around the world.

Globally, the concept of social entrepreneurship is increasingly gaining momentum and positive attention as it combines commerce with social good, allowing entrepreneurs to go beyond profit to positively impact communities and societies. Supporting these entrepreneurs, therefore, is in line with the KKF’s vision, which is to have a Saudi society with equal opportunities.

The KKF’s collaboration with Mowgli resulted in the creation of the Athar (Impact) Mentoring Program.

This program aims to build and increase the capacity of Saudi mentors, and equip them with the necessary tools to be able to provide mentorship, support and guidance to social entrepreneurs in the Kingdom. Matching mentors with social entrepreneurs and managing their mentorship relationships is a key benefit of the program.

To commence the mentoring program, Mowgli recently delivered a four-day workshop in the KKF premises in Riyadh. Fourteen professionals and business leaders received training to be 360-degree mentors before being matched with 14 social entrepreneurs. Both groups were provided with the guidelines to build solid foundations for their 1-2-1 mentoring relationships. In addition, the matched pairs will be supported over a duration of six months, during which structured on-going support will be provided to ensure that trust-based and impactful mentoring relationships are developed.

Mowgli Mentoring’s CEO Kathleen Bury said: “We see this program supporting the three themes on which the Kingdom’s Vision 2030 was built upon: Developing a vibrant society, a thriving economy and an ambitious nation. By supporting social entrepreneurs, we’re working toward achieving the Kingdom’s economic aspirations of increasing SME GDP contribution by 20–30 percent by 2030. We are, therefore, excited to be back in Saudi Arabia and are honored to be working with the King Khalid Foundation in delivering this program, and building Saudi Arabia’s mentoring capacity to sustainably support change-makers and their surrounding ecosystems for years to come.”

The key to developing entrepreneurship and fostering economic development lies in having a well-balanced ecosystem with equal investment in four key pillars: Environment (schooling, parenting), finance (working capital, debt and equity financing), infrastructure (incubators, accelerators, utilities and sound legal frameworks) and human capital development (mentoring, skills and knowledge development). Mowgli supports the latter and has successfully delivered more than 110 mentoring programs across the Middle East, North Africa and sub-Saharan Africa.