Brazilian meat giant JBS SA and Saudi company Almarai Co. are among companies vying to buy out Alwatania, the Middle East’s largest poultry producer, according to people familiar with the matter.

A stock exchange statement on behalf of Almarai said the deal was not completed due to "factors beyond the company's control" ...

Several global and local companies are competing to acquire Al Watania Poultry Co., Bloomberg reported, citing informed sources. Among the bidders are Brazil's JBS, Almarai Co., Tanmiah Food Co., and ...

to increase Almarai’s shareholding from 52% to 100% for $68 million. In November 2022, the company announced an investment of $1.2 billion in Saudi Arabia to expand poultry production. Saudi Arabia is ...

Almarai said the deal is in line with Saudi ... it has recently begun expanding into new product lines such as juices, baked goods and poultry products, which also demands “more secure supplies ...

(Bloomberg) -- Brazilian meat giant JBS SA and Saudi company Almarai Co. are among companies vying to buy out Alwatania, the Middle East’s largest poultry producer, according to people familiar with ...