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Middle East

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BRF enters joint venture in Saudi Arabia

Brazil-based company enters poultry partnership with sovereign fund of Saudi Arabia

BRF has executed a memorandum of understanding Saudi Arabia’s sovereign wealth fund, to form a joint venture for chicken production in Saudi Arabia.

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Partners negotiate future ownership of Banvit

TBQ Foods could sell its stake in Turkish company to BRF

Negotiations are ongoing between the two current owners of Turkish poultry company, Banvit, on its future. A Middle Eastern sovereign fund may opt to continue its 40% share, or this may be purchased by the majority owner, BRF.

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Investment plans follow Tanmiah Food’s IPO

Saudi Arabia-based company’s plans fit well with national policy to raise self-sufficiency in poultry meat production.

Saudi Arabia-based Tanmiah Food Company has announced it will make a number of investments to support an expansion in poultry production. Coming shortly after an oversubscribed Initial Public Offering (IPO), the company’s plans fit well with national policy to raise self-sufficiency in poultry meat production. 

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Cobb, Al-Watania set to double production in Middle East

Following investments in hatcheries, grandparent operations, and distribution, the companies are set to produce 4 million Cobb500 parent stock per year
Cobb-Vantress and its long-standing partner Al-Watania Poultry are celebrating continued expansion in the Middle East.
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BRF halal revenues up nearly 23% in Q1

While volume is down nearly 3%, the average price is up substantially when compared to the same quarter of fiscal year 2020
BRF reported a strong performance for its halal poultry distribution during the first quarter of fiscal year 2021.
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