{"id":297035,"date":"2021-08-09T19:20:44","date_gmt":"2021-08-09T22:20:44","guid":{"rendered":"https:\/\/anba.com.br\/?p=297035"},"modified":"2021-08-11T18:51:19","modified_gmt":"2021-08-11T21:51:19","slug":"second-largest-saudi-poultry-producer-plans-expansion","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/second-largest-saudi-poultry-producer-plans-expansion\/","title":{"rendered":"Second-largest Saudi poultry producer plans expansion"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 Tanmiah Food Co., the second-largest poultry producer in Saudi Arabia, has plans to take its halal products to new markets. The initiative was announced after last week\u2019s initial public offering (IPO), in which the company raised SAR 402 million, equivalent to about USD 107 million at the current rate. An IPO is when a company\u2019s shares are sold to the public for the first time.<\/p>\n<figure id=\"attachment_297021\" aria-describedby=\"caption-attachment-297021\" style=\"width: 300px\" class=\"wp-caption alignright\"><img decoding=\"async\" class=\"wp-image-297023 size-medium\" src=\"https:\/\/anba.com.br\/wp-content\/uploads\/2021\/08\/fresh-chicken-boneless-breast-900g-300x150.jpg\" alt=\"\" width=\"300\" height=\"150\" srcset=\"https:\/\/anba.com.br\/wp-content\/uploads\/2021\/08\/fresh-chicken-boneless-breast-900g-300x150.jpg 300w, https:\/\/anba.com.br\/wp-content\/uploads\/2021\/08\/fresh-chicken-boneless-breast-900g.jpg 600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-297021\" class=\"wp-caption-text\"><em>Tanmiah: Saudi poultry producer<\/em><\/figcaption><\/figure>\n<p>The information was anticipated by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-09\/saudi-s-tanmiah-plans-global-halal-food-sales-push-after-ipo?srnd=markets-vp\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a> and reported on the website of the Saudi newspaper <a href=\"https:\/\/www.arabnews.com\/node\/1908071\/business-economy\" target=\"_blank\" rel=\"noopener\">Arab News<\/a>. <em>Pictured above, a Tanmiah exhibition stand at a food show in 2018<\/em><\/p>\n<p>The brand encompasses services ranging from poultry breeding to food processing. According to the company, the chicken is bred locally, in a controlled environment, and fed on 100% vegetable feed, without hormones. The company\u2019s delivery and distribution network is already spread across countries like Kuwait, Bahrain, the United Arab Emirates, Oman, Lebanon, and Jordan.<\/p>\n<p>According to Arab News, the spokesperson for the brand, Ahmed Osilan, said the company hopes to expand in 2025. By having the halal seal, which attests a product is fit for Muslim consumption, Tahmiah targets a market of 1.8 billion Muslims worldwide.<\/p>\n<p>The brand already has about 18% of the Saudi poultry market, and its headquarters are in Riyadh, the country\u2019s capital city. Some of the markets where the company wants to enter are the United States, Europe, Asia, and Latin America. It intends to carry out the expansion through financing from private and government initiatives.<\/p>\n<p><strong>Translated by El\u00fasio Brasileiro<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tanmiah, a Saudi halal poultry and food producer, wants to reach new markets. The company raised USD 107 million in an IPO last week.<\/p>\n","protected":false},"author":2316,"featured_media":297033,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[102,91],"tags":[11910,41940,9907,16981,9549,11914,22782,9557,9595,14334],"class_list":{"0":"post-297035","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-agribusiness","8":"category-economy","9":"tag-arabia-saudita-en","10":"tag-avicultura-en","11":"tag-chicken-en","12":"tag-expansion","13":"tag-frango-en","14":"tag-frango-en-2","15":"tag-halal-food","16":"tag-poultry-en","17":"tag-saudi-arabia-en","18":"tag-tanmiah"},"wps_subtitle":"Tanmiah, a Saudi halal poultry and food producer, wants to reach new markets. The company raised USD 107 million in an IPO last week.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/297035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=297035"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/297035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/297033"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=297035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=297035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=297035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}