BRF Arabia Holding has finalized an earlier-announced transaction in which the company would acquire 26% of Addoha Poultry Company.
BRF in October 2024 announced the intent for BRF Arabia Holding Company – a joint venture that is 70% held by BRF and 30% held by Halal Products Development Company – to invest in the Saudi Arabian Addoha.
Halal Products Development Company is a wholly owned subsidiary of the Public Investment Fund of Saudi Arabia.
In a notice to the market, dated January 14 and available for view on the BRF Investor Relations webpage, stated that the investment “strengthens BRF's portfolio and operations in the Middle East, establishing it as a strategic partner for Saudi Arabia in food security, where it has operated for 50 years and leads the market with its renowned brands.”
When plans for this deal were initially announced, it was revealed that the transaction has a total value of SAR316.2 million (US$84.3 million), of which SAR216.2 million will be paid into Addoha.
The Brazil-based BRF, according to information from the WATTPoultry.com Top Companies Database, is the world’s third largest poultry producer. It is also the world’s 14th largest feed producer.
