Saudi food group Tanmiah aims to double production over 5 years after share sale

Tanmiah said it has 17.7 percent share of the Saudi poultry market. (Reuters)
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Updated 10 June 2021
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Saudi food group Tanmiah aims to double production over 5 years after share sale

  • Tanmiah share sale was approved by CMA this week

RIYADH: Tanmiah Food Company said it plans to use the proceeds of its forthcoming share sale to double production over the coming five years.

The company already double production six times over the past five years and has 17.6 percent share of the Saudi poultry market, spokesman Ahmed Al-Osailan told Al Arabiya. Tanmiyah is the second largest poultry producer in the Kingdom and operates in more than 20 markets worldwide, he said.

The Saudi Arabian Capital Market Authority on Tuesday approved the listing of 30 percent of Tanmiah, representing 6 million shares in the company.

The majority – 85 percent – of the company’s production is consumed locally, while the rest is exported, said Al-Osailan. It aims to expand and enter the global halal food market in the future, he said.


QatarEnergy announces force majeure following Iran attacks: statement

Updated 04 March 2026
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QatarEnergy announces force majeure following Iran attacks: statement

DOHA: Qatar’s state-run energy firm on Wednesday declared force majeure following attacks on two of its main facilities that halted liquefied natural gas production and as Iran pressed missile and drone attacks across the Gulf.

“Further to the announcement by QatarEnergy to stop production of liquefied natural gas and associated products, QatarEnergy has declared Force Majeure to its affected buyers,” the company said in a statement.

QatarEnergy invoked the clause, which shields it from penalties and potential breach of contract claims from clients, after stopping LNG production on Monday.

Iranian drones attacked two of the company’s main production hubs in Ras Laffan Industrial City, 80 km north of Doha and in Mesaieed 40 km south of the Qatari capital, Doha’s ministry of defense said at the time.

The Gulf state is one of the world’s top liquefied natural gas producers, alongside the US, Australia and Russia.

On Tuesday, QatarEnergy said it would halt some downstream production of some products including urea, polymers, methanol, aluminum and others.

Qatar shares the world’s largest natural gas reservoir with Iran.

QatarEnergy estimates the Gulf state’s portion of the reservoir, the North Field, holds about 10 percent of the world’s known natural gas reserves.

In recent years, Qatar has inked a series of long-term LNG deals with France’s Total, Britain’s Shell, India’s Petronet, China’s Sinopec and Italy’s Eni, among others.