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RIYADH: The Capital Market Authority has approved the listing of 30 percent Tanmiah Food Company.
The Riyadh-based company which employs more than 1500 people has grown to become a major supplier of chicken products and also operates a veterinary services unit and food processing business.
Investor interest in the regional food production sector has grown this year as the pandemic helped to boost sales and governments encouraged more homegrown capacity to reduce reliance on imports as global supply chains were stretched.
The CMA’s approval on the application is valid for six months.
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