BII plans to convert preference shares into Zambeef ordinary shares, pending shareholder approval.
Companies no longer required to use large disclaimers such as “meatless” or “lab-grown.”
Closure affects 190 employees, with production shifting within company network
Revenue gains led by growth in oilseed business and improved chicken prices.
The move aligns with Saudi Arabia’s goals for poultry self-sufficiency and landfill reduction.