Tanmiah Food Company plans to invest 4.5bn SAR by 2030

•             Four agreements and MoUs signed with MHP SE, ADF, SIRC, and NCVC

•             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 their natural components, and develop the green infrastructure in Riyadh Governorate.

In addition, with a focus on bolstering the Kingdom’s food security and self-sufficiency, Tanmiah’s subsidiary, Desert Hills for Veterinary Services Company Ltd, partners with the leading producer of poultry meat in Europe, MHP. The joint venture’s primary focus will be developing and operating poultry breeding facilities, including establishing a greenfield hatchery in Saudi Arabia to hatch 108 million hatching eggs per annum and investing in feed milling facilities to produce 137 thousand tonnes of feed per annum.

 Zulifqar Hamadani, CEO, Tanmiah Food Company, said, “We have a responsibility to not only provide for the needs of today but also to preserve the resources and ecosystems for future generations. Our initiatives demonstrate a strong commitment and uncompromised dedication to supporting the Kingdom and its citizens in line with the objectives of the Kingdom’s Vision 2030. Our agreements envision a collaboration to develop frameworks to establish models and infrastructures that bolster joint efforts toward a more sustainable future.”

With Tanmiah’s continuous support of the Kingdom’s Vision 2030, the Company is launching the first of its kind in the Middle East; a new fresh, healthy product line; Tanmiah Life. The new product line is a locally grown fresh chicken range fortified with Omega3 to nurture our consumers with health benefits that support heart, eye, and brain functions.

Ahmed Sharaf Osilan, Executive Board Member & Managing Director of Tanmiah, Food Company, said, “As we steer toward implementing a sustainable long-term action plan, our initiatives are carefully selected to improve the quality of life and protect the Kingdom and the planet for future generations. With a fully integrated production, processing, and distribution business model, we are in an unrivalled position to drive innovation and sustainability through the entire value chain.”

The introduction of Tanmiah Life further strengthens Tanmiah’s position as one of the leading innovative and future-focused food production companies in Saudi Arabia.