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Trades about 3% below its sector, cheaper than its peers on earnings.
Nofoth Food Products Company, established in 2015 with its headquarters in Riyadh, Saudi Arabia, is a diversified enterprise primarily engaged in the production and sale of food items within the Saudi Arabian market. Its extensive bakery line includes maamoul cookies and cakes under the Mamola brand, creamy filled desserts known as Qashtiya, and traditional Middle Eastern fare like stuffed vegetables, kibbeh, and Musakhan via the Anaba label. The company also offers a variety of fried and baked dates with diverse flavors and fillings through its Golden Dates brand, alongside pastries and specialty stuffed dishes under the Pinkish Bite brand. Complementing these are pies, biscuits, an assortment of folk and oriental sweets, and various sugary confections such as caramel, toffee, and nougat. Beyond its core food manufacturing, Nofoth extends its operations to provide light transportation services, engage in the wholesale and export of used oil, and retail nuts, coffee, spices, and perfumes. The company further diversifies its activities by operating restaurants and dry fruit stores, executing automated bread production, offering food service contracting, and managing road transport for temperature-controlled goods.
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