Saudi food group Tanmiah aims to double production over 5 years after share sale
Published 10 Jun,2021 via Arab News - Economy RIYADH - Tanmiah Food Company said it plans to use the proceeds of its forthcoming share sale to double production over the coming five years.
The company already double production six times over the past five years and has 17.6 percent share of the Saudi poultry market, spokesman Ahmed Al-Osailan told Al Arabiya. Tanmiyah is the second largest poultry producer in the Kingdom and operates in more than 20 markets worldwide, he said.
The Saudi Arabian Capital Market Authority on Tuesday approved the listing of 30 percent of Tanmiah, representing 6 million shares in the company.
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