Key facts
- Agreements aim to strengthen feed grain supplies and storage in Saudi Arabia.
- Tanmiah will use a dedicated grain storage facility in Al-Kharj.
- The deals will help Tanmiah benefit from cost savings and ensure feed quality consistency.
- The partnerships support Saudi Arabia's food security system and Vision 2030.
Tanmiah Food Co. has entered into two strategic agreements with SABIL and its subsidiary, National Grain Co., aimed at enhancing feed grain supplies and storage capabilities within Saudi Arabia. The first agreement designates a grain storage facility in Al-Kharj, situated near Tanmiah's feed milling operations, and includes shared services for quality inspection, inventory management, shipping, and distribution. This facility will ensure Tanmiah receives necessary quantities from shipments while maintaining traceability. The second agreement establishes cooperation with National Grain Co. for the procurement of seaborne feed grain and for hedging against global commodity price volatility. Tanmiah anticipates cost savings, improved feed quality consistency, and leveraging National Grain Co.'s international sourcing expertise through these arrangements. The company stated these agreements align with its commitment to bolstering Saudi Arabia's food security and supporting the private sector as part of Saudi Vision 2030.