PIF-linked companies sign agreements to source feed grains in Saudi Arabia
What happened
Tanmiah Food Company signed two agreements with the National Grain Supply Company and the National Grain Company. These agreements, which involve the Public Investment Fund through Salic, are designed to strengthen the sourcing and in-kingdom storage of feed grains for Tanmiah’s poultry operations in Saudi Arabia. The second agreement allows Tanmiah to jointly source vessel cargoes of feed grains and hedge risks in international commodity markets.
From tradearabia.com
Why it matters
The agreements provide Tanmiah Food Company with a dedicated grain storage facility and joint quality inspection services. By sharing cargoes and drawing on international sourcing expertise, the partnership aims to improve feed quality consistency and access bulk freight economics for the poultry producer.
From tradearabia.com
Who's involved
- Public Investment FundOwns Salic, which is related to the grain supply companies involved in the agreements
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The entities involved
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Public Investment Fund
sovereign wealth fund owned by Saudi Arabia
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