Saudi Arabia’s Halal Products Development Company has announced the financial closing of its strategic acquisition agreement with Brazilian food producer MBRF.
The agreement, which entails the acquisition of Sadia Halal’s poultry business in the Gulf region, Middle East and North Africa, excluding Türkiye, was valued at more than $2.07 billion.
The deal will help drive the development of one of the world’s largest halal food businesses, HPDC said in a statement on Monday.
The Sadia Halal joint venture will include MBRF assets including its manufacturing facilities, distribution centers, and logistics infrastructure across Saudi Arabia, the UAE, Qatar, Kuwait, and Oman.
It also includes direct export operations of Sadia Halal products to markets across the Middle East and North Africa. The assets were valued at $2.07 billion with net sales of $2.1 billion in the 12 months through June 2025, MBRF said last October.
The agreement does not include MBRF’s assets based in Türkiye.
The launch of the company strengthens the kingdom’s presence as a hub for halal food production, innovation, and trade, the statement added. It also underscores Saudi’s attractiveness for strategic investment and industrial expansion on an international scale.
“Sadia Halal reflects the strength of the halal food sector in Saudi Arabia and supports reinforcing the kingdom’s position as a global hub serving local, regional, and international markets,” said Fahad bin Suliman Alnuhait, CEO of HPDC.
HPDC, a subsidiary of Saudi Arabia's Public Investment Fund, will hold a minimum of 20% stake in the enterprise, with the right to bump it up to 40% ahead of the venture's anticipated IPO on the Saudi Tadawul market next year.
MBRF operates in 117 countries and generates annual revenues of 120 billion Saudi riyals, on the back of eight million tonnes of production every year, serving more than 425,000 customers.
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