As part of sustained efforts to meet growing global demand for protein, US-based Tyson Foods, Inc. (NYSE: TSN) and Saudi-based Tanmiah Food Company (“Tanmiah” or the “Company,” 2281 on the Saudi Exchange) have entered into a strategic partnership agreement. The parties to the agreement are Tyson Foods and Agricultural Development Company (ADC) and Supreme Foods Processing Company (SFPC), Tanmiah’s wholly owned subsidiaries.
Tyson Foods is one of the world’s leading food companies and a recognized leader in protein, while Tanmiah, which established its first company 60 years ago, is one of the biggest providers of fresh value-added poultry and other meat products, animal feed & health products and a fast-food brand franchise operator, with plans to produce more than one million birds per day by the end of 2025. ADC operates in the Kingdom of Saudi Arabia, Bahrain and United Arab Emirates. Through ADC, the Company produces and distributes fresh products for sale to food service providers and retailers. SFPC produces a variety of value-added pre-prepared chicken and beef products, with a distribution network spread across the Middle East, including Saudi Arabia, Kuwait, Bahrain, UAE, Oman, and Jordan among others.
“We are delighted to be joining hands with a global leader in food production to support and accelerate our strategic growth plans,” said Zulfiqar Hamadani, CEO of Tanmiah. “This partnership marks a significant milestone in Tanmiah’s journey, through demonstrating our commitment to our pioneering role in supporting Saudi Arabia’s food security and self-sufficiency goals. During this new phase, we will continue to work together with Tyson Foods, whose commitment to animal welfare, food safety, sustainability, and quality, are very much in line with our own business model and sustainability framework. This transaction will not only reinforce our positioning in the regional market but will also enable us to expand our global footprint through leveraging Tyson Foods’ long-standing relationships with customers worldwide.”
“This investment will enable us to access poultry supplies in Saudi Arabia to meet the growing demand for protein in the Middle East and other markets,” said Chris Langholz, president of International for Tyson Foods. “Expansion into international markets is a key part of our strategic growth plan and we’re pleased to better serve customers in this region.”
