The international Halal food market, considered one of the fastest growing segments of the worldwide food industry and currently worth $1.1 trillion globally, occupies an integral part of Gulfood 2015 — the 20th anniversary of the food and hospitality trade show.
In all, more than 1,000 international halal food brands and companies will convene at Dubai World Trade Centre (DWTC) from Feb. 8-12 to display thousands of Halal products — from energy drinks, vegan and vegetarian foods to meat and poultry, canned goods, gourmet and fine foods — at the second annual Halal World Food.
With more than 80,000 international food industry professionals expected to attend the largest edition of Gulfood, Halal World Food will cement its standing as the world's biggest annual halal food sourcing trade show. Beyond the significant, sector-specific commercial and trading opportunities presented at the dedicated show-within-a-show concept, the inaugural Halal Investment Conference on Feb. 10 will debut as part of the three-day Gulfood Leaders Events program.
"The global halal food market now accounts for a fifth of the world's food trade (Datamonitor, 2014), and as the primary trading hub for halal food in the MENA region, Dubai has both the ambition and world-class infrastructure to become a worldwide halal center," said Trixie LohMirmand, SVP, exhibitions and events management, DWTC.
Topics to be covered at the Halal Investment Conference include among others the role of halal in Dubai's capital of Islamic Economy vision, business opportunities in the global halal marketplace.
“Dubai, with its vision to become the capital of the Islamic economy and the introduction of its halal scheme will level the playing field for all halal manufactures and restore consumer confidence," said Idris Mohammed, director, Tilly-Sabco Bretagne — a French leader in chicken production and slaughtering, and the title sponsor of the Halal Investment Conference.
Global halal food market is worth $1.1 trillion
Global halal food market is worth $1.1 trillion
Closing Bell: Saudi main index slips to close at 11,228
RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, lost 23.17 points, or 0.21 percent, to close at 11,228.64.
The total trading turnover of the benchmark index was SR2.99 billion ($797 million), as 170 of the stocks advanced and 82 retreated.
On the other hand, the Kingdom’s parallel market Nomu gained 449.38 points, or 1.90 percent, to close at 24,093.12. This comes as 43 of the stocks advanced while 27 retreated.
The MSCI Tadawul Index lost 6.07 points, or 0.40 percent, to close at 1,511.36.
The best-performing stock of the day was Obeikan Glass Co., whose share price surged 7.54 percent to SR27.66.
Other top performers included Alamar Foods Co., whose share price rose 6.80 percent to SR47.10, as well as Saudi Kayan Petrochemical Co., whose share price climbed 6.79 percent to SR5.66.
Saudi Investment Bank recorded the steepest drop, falling 3.21 percent to SR13.56.
Jahez International Co. for Information System Technology also saw its share price fall 3.15 percent to SR13.55.
Rabigh Refining and Petrochemical Co. declined 2.78 percent to SR7.34.
On the announcements front, Tanmiah Food Co. reported its annual financial results for the period ending Dec. 31. According to a Tadawul statement, the company recorded a net loss of SR18.8 million, compared with a net profit of SR95.8 million a year earlier.
The net loss was mainly due to ongoing market challenges that resulted in continued pricing pressures in fresh poultry, inflationary cost pressures, higher financing expenses, and depreciation and ramp-up costs from new facilities, partially offset by increased production volumes and cost-optimization initiatives.
Tanmiah Food Co. ended the session at SR58.20, up 3.72 percent.
United International Holding Co., also known as Tas’heel, announced its annual financial results for the period ending Dec. 31. A bourse filing showed the company recorded a net profit of SR273.64 million in 2025, up 23.05 percent from 2024, primarily driven by a 23.4 percent rise in revenues. The revenue growth helped lift gross profit by 23.7 percent.
Tas’heel ended the session at SR146.80, down 0.28 percent.
