Tanmiah Expands With New Production Facility Acquisition

Deal News | Dec 02, 2024 | Zawya

Tanmiah Expands With New Production Facility Acquisition

Tanmiah Food Company, a leading provider of poultry products in the Middle East, announced plans to further its strategic expansion with the acquisition of a new primary processing facility for SAR 143 million. The acquisition aligns with Saudi Arabia’s Vision 2030 goals, aiming to enhance food security and self-sufficiency. The new facility, a state-of-the-art plant, is expected to begin operations in early 2025 and initially produce 37 million birds annually, with planned upgrades to increase capacity to 56 million birds. The expansion supports Tanmiah’s growth strategy, responding to rising demand for its chicken products across the Gulf region. Aside from boosting production capacity, the facility underscores Tanmiah's commitment to sustainability with advanced waste management and plans for tree plantation using treated water from the plant. Led by CEO Zulfiqar Hamadani, Tanmiah’s integrated business model focuses on efficiency, marketing, and distribution to capitalize on the market dynamics fueled by regional population growth. Founded in 1962, Tanmiah operates farms, hatcharies, feed mills, and processing plants serving multiple countries including Saudi Arabia, UAE, and Kuwait. The company remains committed to sustainable practices, innovation, and fulfilling the evolving needs of consumers.

Sectors

  • Food and Beverage
  • Agriculture

Geography

  • Saudi Arabia – Saudi Arabia is the primary location of Tanmiah's operations and the new processing facility is part of the country's Vision 2030 initiative.

Industry

  • Food and Beverage – The article discusses Tanmiah Food Company's expansion in poultry production, a key segment of the food and beverage industry.
  • Agriculture – Tanmiah operates in agriculture, focusing on poultry farming and feed production, aligning with its strategic expansions.

Financials

  • SAR 143 million – The total investment in acquiring the new primary processing facility.

Participants

NameRoleTypeDescription
Tanmiah Food CompanyAcquirerCompanyA leading provider of poultry and meat products in the Middle East, expanding its production capabilities.
Agricultural Development CompanySubsidiaryCompanyA subsidiary of Tanmiah Food Company, which has entered into the contract for the new processing facility.
Al-Dabbagh Holding Group CompanyPartner and Founding ShareholderCompanyPartner and one of the founding shareholders of Tanmiah Food Company.