(MENAFN- The Peninsula)
The Peninsula
Doha: Baladna has welcomed an official Kazakh delegation recently which included Kazakhstan's Vice-Minister of Agriculture H E Ruslan Manatayev and representatives of Olzha Agro, Dina Group and Kazakh Invest. The delegation was visiting Qatar for the Qatar-Kazakhstan Business Council.
The delegates were given a tour of Baladna's state-of-the-art processing plant and dairy farms, followed by a presentation on the Company's remarkable growth. Kazakhstan is one of the many markets that has taken inspiration from Baladna's approach to food self-sufficiency. Further discussions between Baladna and the Kazakh government, Olzha Agro, and the Dina Group are expected to explore the possibility of developing fully integrated dairy farms (grass-to-glass) in Kazakhstan.
In another sign of Baladna's increasing international recognition, global index provider FTSE Russell has this week announced that it will include Baladna under its Microcap category within the Global Equity Index Series in September 2021. The FTSE Global Equity Index Series covers securities in 49 different countries and represents the broadest global equity universe, targeting coverage of over 99 percent of investable market cap globally.
Baladna's Managing Director Ramez Al Khayyat said:“As we strive to create new international ties, we were delighted to welcome the delegation from Kazakhstan. This increased interest in Baladna's grass-to-glass model follows a Memorandum of Collaboration with Malaysia and a forthcoming Memorandum of Understanding with Ukraine."
“This highlights Baladna's position as a global leader in fully integrated dairy production as countries aspire for greater self-sufficiency, he said.”
Founded in 2014, Baladna has grown from an ambitious entrepreneurial enterprise into Qatar's largest dairy and beverage producer, supplying over 80 percent of the country's fresh milk. Baladna successfully listed on the Qatar Stock Exchange in December 2019, attracting significant support from local Qatari investors.
The Company has since maintained its consistent and rapid growth to ensure healthy, fresh locally produced dairy products contribute to the self-sufficiency of the State of Qatar. As of June 2021, Baladna's dairy herd reached 22,264 with an average milk yield of 38.3L per cow per day. The Company currently offers a range of more than 250 products spanning milk, yoghurt, laban, cheese, and non-dairy products including juices and organic fertilisers.
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