Logo ofAl Watania Poultry Co.
Several global and local companies are competing to acquire Al Watania PoultryCo., Bloomberg reported, citing informed sources. 
Among the bidders are Brazil’s JBS, AlmaraiCo., Tanmiah FoodCo., and a consortium led by Ukrainian agritech firm MHP, the sources said.
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Discussions are ongoing, and bidders may withdraw or Al Watania Poultry could ultimately decide not to proceed with the sale, they added.
In December, Bloomberg reported that Al Watania Poultry’s owners were considering a sale and had appointed Saudi Fransi Capital as an advisor for the process, with the deal potentially valued at around SAR 2 billion riyals, according to data compiled by Argaam.
In 2015 and 2016, media reports surfaced about Al Watania Poultry’s plans to list a stake in the Saudi stock market.
Founded in 1977 by Suleiman Al-Rajhi, Al Watania Poultry has a production capacity exceeding one million chickens and 1.5 million eggs per day.
Logo ofAl Watania Poultry Co.
Several global and local companies are competing to acquire Al Watania PoultryCo., Bloomberg reported, citing informed sources.
Among the bidders are Brazil’s JBS, AlmaraiCo., Tanmiah FoodCo., and a consortium led by Ukrainian agritech firm MHP, the sources said.
For more news and details on MAs
Discussions are ongoing, and bidders may withdraw or Al Watania Poultry could ultimately decide not to proceed with the sale, they added.
In December, Bloomberg reported that Al Watania Poultry’s owners were considering a sale and had appointed Saudi Fransi Capital as an advisor for the process, with the deal potentially valued at around SAR 2 billion riyals, according to data compiled by Argaam.
In 2015 and 2016, media reports surfaced about Al Watania Poultry’s plans to list a stake in the Saudi stock market.
Founded in 1977 by Suleiman Al-Rajhi, Al Watania Poultry has a production capacity exceeding one million chickens and 1.5 million eggs per day.
