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 ...

Almarai is one of the world’s largest vertically-integrated dairy companies and one of the region’s largest food and beverage manufacturing and distribution companies. It operates in many countries, ...

The acquisition will give Riyadh-based Almarai Co. control of roughly 30,000 acres of farmland just ahead of tough new limits to be imposed by Argentina's government on foreign ownership of ...

(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 ...