Nofoth Food Products
Riyadh-based Saudi joint-stock company, listed on the Saudi Exchange Main Market, that operates food and dessert brands including Mamola and Enabah. It reported 2025 revenue of SAR 429.6 million.
Industry: Food and dessert brands | Location: Riyadh, Saudi Arabia | Founded: 2016
About Nofoth Food Products
Nofoth Food Products Company is a Saudi joint-stock company based in Riyadh that develops and operates food and dessert brands. It sells through branches in the central, eastern, western, southern and northern regions of Saudi Arabia, including franchises. Its brands include Mamola, which sells maamoul, Enabah for stuffed dishes, Cake by Mamola, Pinkish Bite, Qalb Ice Cream, Qishtya, Albalah Althahabi and Maqsoud.
The company was established in Riyadh in 2016 with capital of SAR 100,000. A bonus issue approved by the Capital Market Authority on 15 April 2025 raised capital to SAR 96 million. Its shares listed on the Nomu parallel market on 10 January 2023, and the Saudi Exchange approved a move to the Main Market, where it trades as 2288, on 31 December 2025, effective 21 January 2026. Ibrahim bin Abdullah Al-Omaiqan has been chief executive since 2017 and is vice chairman. Rakan bin Hethal Al-Faizi chairs the board, and Mohamed Farouq has been chief financial officer since December 2020.
The report says Nofoth developed more than 65 new products in 2025, launched the Makarmalah brand, and fulfilled more than 5 million orders. In November 2025 its board approved opening a branch in the United Arab Emirates.
Nofoth signed a non-binding memorandum on 29 October 2024 to acquire the Maqsood restaurant brand, and the annual report lists Maqsoud as a recently acquired brand. On 28 June 2026 it signed a non-binding memorandum, valid for 180 days, to study buying 70 percent of Al Waal Al Bari Beverages, which owns the Al Waal specialty coffee brand and a roasting facility. On 18 August 2026 it signed an agreement to acquire 65 percent of Plenty Food Company, a Riyadh healthy-food business, for up to SAR 55.95 million funded from internal cash, subject to competition approval, according to a press release.
For 2025 Nofoth reported revenue of SAR 429.6 million, up 17.68 percent from SAR 365.1 million, and net profit of SAR 56.7 million, up 9.89 percent. The board recommended a SAR 15.36 million dividend on 2025 results and the company targets annual growth of at least 15 percent.
Leadership
- Ibrahim bin Abdullah Al-Omaiqan, Vice Chairman and Chief Executive Officer
- Rakan bin Hethal Al-Faizi, Chairman of the Board
- Mohamed Farouq, Chief Financial Officer
- Thabet Mohammed Al-Tuwaijri, Executive Vice President, Operations
- Faisal bin Abdullah Al-Omaiqan, Executive Vice President, Development and Board Member
- Fahad bin Hamad Al-Duailej, Board Member
- Abdulmalik bin Abdullah Al-Othaim, Board Member