Tanmiah secures SAR 200mn investment in Saudi Arabia, enhancing expansion through partnerships with Dutch companies

Riyadh, 25 July 2023 – Tanmiah Food Company has been implementing its strategic growth plans since early 2020, by expanding its operations and investing in modern equipment and technologies from renowned Dutch companies such as Marel BV, Mavitec BV, Ottevanger Milling Engineers, Van Aarsen International, Prinzen BV, Colubris Cleantech BV, GEA Netherlands, JBTC Netherlands, Viscon Group and Meyn Food Processing, for delivering high-quality products. These investments totaling SAR 200m, are expected to support the Company's growth plans.

Recently, the Company signed agreements with several Dutch companies valued at nearly EUR 48mn through Sharia-compliant financing from Rabobank, a Dutch multinational banking and financial services company. The agreement strengthens the partnership, knowledge sharing, innovation, investment, and trade ties between KSA and the Netherlands, in line with the Kingdom's Vision 2030 to achieve food security and self-sufficiency.

A delegation from the Dutch Embassy, led by Agricultural Counsellor Erik Smidt, Agricultural Advisor Sophie Hollanders, and Agricultural Officer Ismail Adam, visited Tanmiah's headquarters in Riyadh. During their visit, Ahmed Osilan, Board Member and Executive Director and several officials from Tanmiah presented the Company's 2030 plan of entering the global halal food market to offer innovative and high-quality products that meet international standards.

The delegation discussed ways to strengthen cooperation and transfer local expertise, such as Saudi Good Agricultural Practices (GAP), halal certification, and SAUDI MADE, on a global scale. Tanmiah is committed to achieving its ambitious goals and becoming a major global halal food market player.

The delegation also visited and planted local trees as part of Tanmiah's One Million Tree initiative in the Shaqra governorate, which uses treated water from poultry waste and treated bio-organic manure to plant and irrigate trees. The project seeks to create a sustainable circular approach that recycles wastewater from its facilities, turning waste products into fertilizer, reducing regional carbon emissions and contributing to the Saudi Green Initiative. Tanmiah’s community participation plan through the distribution of seeds as part of an upcoming campaign will be announced at a later stage.