Halal Products Development Company, MBRF close US$2.07B Sadia Halal deal in Saudi Arabia
Company prepares for possible listing on Saudi exchange as expansion plans advance
SAUDI ARABIA – Halal Products Development Company, a subsidiary of Saudi Arabia’s Public Investment Fund, and multi-protein food producer MBRF have completed the financial closing of the Sadia Halal transaction.
The agreement brings together an expanded halal food platform designed to operate across multiple regional markets with a focus on large-scale food production and distribution.
The deal is valued at about SAR 8 billion (US$2.07 billion) and involves the transfer of an integrated set of assets previously owned by MBRF, including production plants, logistics hubs, and distribution networks.
These operations span Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, and Oman, alongside export channels supplying poultry, beef, and processed halal food products to markets across the Middle East and North Africa.
Business outlook and leadership comments
The partnership is positioned around building a regional halal food company with international reach, combining MBRF’s existing operational network and HPDC’s investment strategy focused on the halal sector.
Marquinhos Molina, Chairman of Sadia Halal and CEO of MBRF in Saudi Arabia, said the transaction marks progress in long-term plans for the region, adding that the joint platform aims to serve multiple markets through expanded production capacity and supply reliability.
Fahad bin Suliman Alnuhait, CEO of HPDC, stated that the structure reflects the scale of Saudi Arabia’s halal food sector and its role in regional and global supply chains through integrated industrial capabilities and market access.
Ownership structure and IPO plans
As part of the agreement, HPDC will hold at least 20% of Sadia Halal, up from the previously planned 10%, with the option to raise its stake to as much as 40% ahead of a planned initial public offering.
The company has also begun preparatory steps for a potential listing on Saudi Arabia’s main stock exchange, Tadawul, as part of its longer-term capital market strategy.
Market context
The transaction comes as global demand for halal-certified food continues to rise, while Saudi Arabia advances efforts to position itself as a central hub for halal production, trade, and supply chain development through large-scale industry partnerships.
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