Saudi Arabia’s Tanmiah Food Company, through its Agricultural Development Company (ADC) subsidiary, intends to purchase a new primary poultry processing plant and the land that accompanies it.
The Saudi poultry company announced that it signed a contract with Dajin Poultry Company, the present owner of the assets. The transaction, which will be financed through existing banking facilities, is valued at SAR143 million (US$38.1 million).
The exact location of the plant was not disclosed, but the company did reveal that it is in Saudi Arabia.
According to Tanmiah, the acquisition of the plant was appealing for the following reasons:
- The transaction demonstrates Tanmiah's commitment to supporting the Kingdom’s food security and self-sufficiency objectives under Vision 2030.
- This facility is designed to enhance our operational efficiency and bolster our capacity to meet growing market demands.
- This investment aligns seamlessly with our vision of driving growth while upholding the highest standards of environmental stewardship and operational excellence.
“The new primary processing plant will increase our net production capacity. Furthermore, this will support Tanmiah’s sustainability initiatives with its new waste management facility and water treatment plant,” the company stated.
Trees will be planted on the additional land area, which aligns with Tanmiah’s sustainability initiatives.
Tanmiah Food Company, according to information from the WATTPoultry.com Top Poultry Companies Database, is the seventh largest poultry producer in the Middle East. During the past year, the company produced 136.3 million broilers.
