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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

BRF Acquires Equity in Saudi Broiler Company

11/11/2024

BRF of Brazil has reported the purchase of 26 percent of the equity in the Saudi Addoha Poultry Company for  $84 million.  This follows investment of $500 million in broiler processing and food production enterprises in collaboration with the Saudi Public Investment Fund. 

 

Saudi Addoha produces 45 million chickens annually with a planned expansion to 65 million in the coming year.

 

Saudi Arabia imports 200,000 tons of processed poultry from Brazil each year, justifying expansion of domestic production.


 
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