Tanmiah inks MoU with Griffith Foods

Logo of Tanmiah Food Co.

Tanmiah Food Co. signed today, March 3, a two-year memorandum of understanding (MoU) with US-based Griffith Foods to explore potential collaboration.

Their potential partnership could diversify Tanmiah’s product portfolio, expand regional distribution, and solidify the Saudi Vision 2030’s food security and self-sufficiency goals, while also driving supply-chain sustainability, according to a statement to Tadawul.

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The MoU also seeks to study and evaluate these joint focal areas: Entering into a supply agreement to strengthen product availability and support growth in target segments; and exploring the establishment of a joint venture (JV) in Saudi Arabia to expand market reach, it added.

Furthermore, it targets exploring collaboration to enhance Halal ingredients production capabilities, including setting up a research and development center in Saudi Arabia dedicated to food innovation, product formulation and the development of healthier food solutions.

This is in addition to assessing feasibility of establishing a production facility in Saudi Arabia for local production of Halal food ingredients to cater to local and GCC markets.

Any potential financial impact or material developments in this regard will be announced in due course, Tanmiah noted.

Griffith Foods is a global product development and production company, specializing in customized food ingredient solutions.