Tanmiah Food Company plans to invest 4.5bln SAR by 2030

Tanmiah Food Company plans to invest 4.5bln SAR by 2030

- Announces new product line, Tanmiah Life, the first of its kind in the Middle East.

Tanmiah Food Company (“Tanmiah” or the “Company”, 2281 on the Saudi Exchange) has announced several key developments with the MHP SE (LSE: MHPC, ‘MHP’), Agricultural Development Fund (ADF), Saudi Investment Recycling Company (SIRC), and National Center for Vegetation Development and Combating Desertification (NCVC) to improve sustainable food security and production, increase recycling capabilities, and improve quality of life.

As the only listed poultry company in the Kingdom and amongst the leading integrated producer and supplier of poultry and other meat products in the MENA region, Tanmiah signed a Memorandum of Understanding (MoU) with ADF to launch the “10miah farmers initiative”. The project focuses on supporting the Company’s target of producing 1.2 million chickens per day, contributing to the Ministry of Environment, Water and Agriculture's target of 80% local poultry meat production by 2025.

Tanmiah signed another MoU with the SIRC to develop a framework for enhanced cooperation and integration to recycle agricultural waste from the poultry industry to preserve our environment, increase greenery, and support carbon reduction.

Tanmiah also entered into a MOU with NCVC to develop a framework to support the vegetation cover at national parks, preserve