Bateel sets sights on global market with new growth strategy

GHADA.ISMAIL
Apr 13, 2025

Riyadh – Sharikat Mubasher: Saudi luxury date producer Bateel is accelerating its international expansion plans under new CEO Nurtaç Afridi, aiming to triple its revenue from cafés and gourmet boutiques by 2029.

The company, backed by LVMH-linked private equity firm L Catterton, plans to increase its global retail footprint from under 200 stores to over 500, with recent openings in Seoul receiving strong consumer response, as reported by Bloomberg.

Afridi, former CEO of Godiva Chocolatier, said the company sees significant growth potential in positioning dates as a premium, healthy snack in markets from New York to Seoul. Bateel also plans to triple the number of date palms at its Saudi farms and build a new production facility to support growing global demand.

Founded nearly 80 years ago by Abdulrahman Al-Sudairy, Bateel remains privately owned and is not officially affiliated with the Saudi government, although its expansion aligns with national efforts to diversify the economy and boost agricultural exports.

Saudi Arabia produces about 3 million tons of dates annually, exporting nearly half. Bateel is leading efforts to redefine dates as a luxury product, supported by sustainable farming practices and rising international interest.


Share

Related News

Stanhope Capital expands in Saudi Arabia via strategic GIB partnership
News
Calendar Icon
April 29, 2025
Stanhope Capital expands in Saudi Arabia via strategic GIB partnership
readmore
I Squared Capital to open Riyadh Office, plans $1bn investment in Kingdom
News
Calendar Icon
April 29, 2025
I Squared Capital to open Riyadh Office, plans $1bn investment in Kingdom
readmore
Miran, Welnes merge to boost wellness market in Saudi Arabia
News
Calendar Icon
April 29, 2025
Miran, Welnes merge to boost wellness market in Saudi Arabia
readmore
Majid Al Futtaim expands lifestyle retail footprint in Saudi Arabia
News
Calendar Icon
April 29, 2025
Majid Al Futtaim expands lifestyle retail footprint in Saudi Arabia
readmore
Saudi Arabia launches Future Mobility Sandbox to revolutionize mobility landscape
News
Calendar Icon
April 29, 2025
Saudi Arabia launches Future Mobility Sandbox to revolutionize mobility landscape
readmore
Cross Works chooses Riyadh as regional HQ in GCC expansion
News
Calendar Icon
April 29, 2025
Cross Works chooses Riyadh as regional HQ in GCC expansion
readmore
Saudi RATING pacts with China’s Dagong Global to enhance credit rating services
News
Calendar Icon
April 29, 2025
Saudi RATING pacts with China’s Dagong Global to enhance credit rating services
readmore
VC funding in Saudi Arabia jumps by 53% in Q1-25
News
Calendar Icon
April 29, 2025
VC funding in Saudi Arabia jumps by 53% in Q1-25
readmore
Mercedes-Benz, EVIQ, Juffali Automotive partner to boost EV infrastructure in Kingdom
News
Calendar Icon
April 29, 2025
Mercedes-Benz, EVIQ, Juffali Automotive partner to boost EV infrastructure in Kingdom
readmore
Saudi digital economy hits SAR 495 bn in 2024
News
Calendar Icon
April 28, 2025
Saudi digital economy hits SAR 495 bn in 2024
readmore