TFC & Tyson Partnership

Back in 2022, TFC and U.S based Tyson Foods signed off on a strategic partnership. Through this agreement, Tyson Foods, one of the world’s leading food companies and a recognized leader in protein, acquired a 15% equity stake in TFC’s subsidiary, Agriculture Development Company (ADC) and a 60% equity stake in Supreme Foods Processing Company.

For TFC, the agreement is one that will allow TFC to continue work towards sustainably meeting the demand for poultry in the Kingdom, while also contributing to and supporting Saudi food security goals and overall economic growth. For Tyson Foods, it allows them to continue their commitment toward providing protein to a growing population across the Middle East region.

This partnership received a boost in the first quarter of 2023, during which both sides reiterated their commitment to jointly investing in the expansion of further processing capacity.

Commenting in a news item on the partnership, TFC’s CEO, Zulfiqar Hamadani said “It was an honor to welcome our partners at Tyson Foods to the Kingdom as we build momentum following the recent signing of our strategic partnership that will unlock growth across the Kingdom and improve access to high-quality processed poultry products. We also believe the partnership strengthens our commitment to supporting the Kingdom’s food security and self-sufficiency goals.”

Amy Tu, president, international and chief administrative officer, Tyson Foods, said: “Tyson Foods is pleased to be partnering with Tanmiah in the Kingdom of Saudi Arabia to address the importance of food security.  A key part of our strategic plan is to meet the growing global demand for protein and to serve customers and consumers with products tailored to the local market and region. Our partnership with Tanmiah Food will allow us to address that plan, especially the growing demand for halal food. We are excited to build a long-term partnership and drive future economic activity in the Kingdom.”