Almarai has said it is in talks with PepsiCo to increase its stake in the joint venture it formed with the US snacks and drinks firm in 2009.

International Dairy & Juice (IDJ), in which Saudi Arabia-based Almarai holds a 48% stake, was formed to target growth opportunities in the dairy and juice sector in Southeast Asia, Africa and the Middle East. However, in a stock exchange announcement today (28 February), Almarai said it is “reviewing” the partnership with PepsiCo and its investment in IDJ.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

“Almarai is looking at possibly slightly increasing their ownership of IDJ,” the statement said. The firm said that an announcement is expected to be made in March, but added that “discussions are still ongoing”.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now