Brazil meat processing company BRF, a major halal exporter, has agreed to purchase Joody Al Sharqiya Food Production Factory for 29.7 million riyals, roughly $8 million.
The company said in a statement dated May 7 that the purchase was executed by its indirectly wholly-owned subsidiary Badi Limited with Hungry Bunny and others.
Joody Al Sharqiya Food Production Factory has a processing plant in Dammam in Saudi Arabia. Its core business is breaded and marinated cuts and hamburgers.
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