Logo ofTanmiah Food Co.
Tanmiah Food Co. signed a memorandum of understanding (MoU) with Vibra Agroindustrial S.A (Vibra), one of Brazil’s largest poultry producers and exporters, to explore potential investment and strategic collaboration opportunities, the company said in a statement to Tadawul today, Feb. 17. 
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According to the company, the MoU will be valid for two months, extendable if mutually agreed.
The MoU also comes in alignment with Tanmiah’s commitment to food security, self-sufficiency, and global partnerships.
This MoU lays the groundwork for potential investments and collaboration in two key areas:
1. Further processing expansion: Investment to boost Tanmiah’s further processing capacity and efficiency.
2. Global Halal Initiative: Development of a Saudi-based global Halal brand, leveraging Saudi Halal standards and Vibra’s cost-efficient production capabilities in Brazil to drive innovation, streamline supply chains, and expand Halal market reach.
The company also indicated that these efforts reinforce its strategic vision for sustainable growth and leadership in the global food industry.
These initiatives are aligned with Saudi Arabia’s Vision 2030, aiming to enhance national food security, it added.
Logo ofTanmiah Food Co.
Tanmiah Food Co. signed a memorandum of understanding (MoU) with Vibra Agroindustrial S.A (Vibra), one of Brazil’s largest poultry producers and exporters, to explore potential investment and strategic collaboration opportunities, the company said in a statement to Tadawul today, Feb. 17.
For more news on listed companies
According to the company, the MoU will be valid for two months, extendable if mutually agreed.
The MoU also comes in alignment with Tanmiah’s commitment to food security, self-sufficiency, and global partnerships.
This MoU lays the groundwork for potential investments and collaboration in two key areas:
1. Further processing expansion: Investment to boost Tanmiah’s further processing capacity and efficiency.
2. Global Halal Initiative: Development of a Saudi-based global Halal brand, leveraging Saudi Halal standards and Vibra’s cost-efficient production capabilities in Brazil to drive innovation, streamline supply chains, and expand Halal market reach.
The company also indicated that these efforts reinforce its strategic vision for sustainable growth and leadership in the global food industry.
These initiatives are aligned with Saudi Arabia’s Vision 2030, aiming to enhance national food security, it added.
