Tanmiah signs MoU with Brazilian firm to explore investment opportunities

Logo of Tanmiah 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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The MoU is valid for two months, with an option for extension if mutually agreed. It aligns with Tanmiah’s commitment to food security, self-sufficiency, and global partnerships.

The MoU lays the groundwork for collaboration in two key areas. First, Tanmiah aims to expand its processing capacity and efficiency through investment. Second, the two companies plan to develop a Saudi-based global Halal brand by leveraging Saudi Halal standards and Vibra’s cost-efficient production capabilities in Brazil.

This collaboration is expected to drive innovation, streamline supply chains, and expand Halal market reach.

Tanmiah stated that these efforts support its strategic vision for sustainable growth and leadership in the global food industry and are aligned with Saudi Arabia’s Vision 2030, which aims to enhance national food security.