{"id":93413,"date":"2025-01-15T00:00:00","date_gmt":"2025-01-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/15\/brf-arabia-closes-sar-316-2-mn-acquisition-of-addoha-poultry\/"},"modified":"2025-01-15T00:00:00","modified_gmt":"2025-01-15T00:00:00","slug":"brf-arabia-closes-sar-316-2-mn-acquisition-of-addoha-poultry","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/15\/brf-arabia-closes-sar-316-2-mn-acquisition-of-addoha-poultry\/","title":{"rendered":"BRF Arabia closes SAR 316.2 mn acquisition of Addoha Poultry"},"content":{"rendered":"

\n

M&A WATCH-<\/p>\n

Saudi-Brazilian JV completes acquisition of Addoha Poultry: <\/strong>BRF Arabia \u2014a joint venture between Brazilian food processor BRF SA<\/a> and PIF-owned Halal Products Development \u2014 completed its acquisition of a 26% stake<\/a> in Addoha Poultry<\/a> for SAR 316.2 mn (USD 84.3 mn), Reuters<\/a> reports. Some USD 58 mn of the proceeds are earmarked for expanding production at Addoha, Vice President for the Halal Market at BRF Igor Marti told Bloomberg earlier.<\/p>\n

\n

AVIATION-<\/p>\n

Budget carrier Flyadeal is close to finalizing an order for 10 Airbus A330neo aircrafts<\/strong>, in its first serious foray into wide-body jets, Reuters<\/a> reports citing unnamed sources. The order is expected to be officially announced in the next few weeks, with the first aircraft scheduled to arrive in 2027, the sources add.<\/p>\n

\n

CYBERSECURITY-<\/p>\n

France-based p<\/strong>ost-quantum tech and cybersecurity company <\/strong>SealsQ<\/a><\/strong> is looking to roll <\/strong>out more <\/strong>products in Saudi Arabia<\/strong> in partnership with its Swiss parent company WISeKey<\/a> and the Kingdom\u2019s largest private enterprise Juffali Group<\/a>, according to a press release<\/a>. The partnership will see WISeKey Arabia \u2014 a JV between SealsQ and WISeKey \u2014 introduce advanced tech tools in Saudi Arabia, including quantum-resistant cryptography and IoT security in a bid to enhance security across local businesses and government operations.<\/p>\n

ALSO-<\/strong> SealsQ and WiseKey are set to launch a USD 250 mn DeepTech Venture Studio<\/strong> in partnership with Hedera<\/a> and the Hashgraph Association<\/a>. The proposed VC will focus on backing startups in blockchain, AI, quantum computing, and other cutting-edge technologies. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

\n

TRANSPORT-<\/p>\n

#1- Makkah gets new transportation service: <\/strong>The Royal Commission for Makkah City and Holy Sites launched a new transportation service on Monday, Makkah Taxi, which will operate 24\/7 throughout 47 locations across the city, state news agency SPA<\/a> reports. The service features hybrid and electric vehicles, and eyes boosting its fleet to 1.8k vehicles by the end of the year.<\/p>\n

#2- <\/strong>Riyadh Metro sa<\/strong>w five new stations go online yesterday<\/strong>, with Al Wurud 2, the National Museum, and Al Batha on the blue line and Dhahrat Al Badi\u2019ah and Al Jaradiyah on the orange line, according to local media reports (here<\/a> and here<\/a>).<\/p>\n

Remember- <\/strong>The orange line (Line 3) \u2014 the final link in Riyadh\u2019s network \u2014 was launched last<\/a>week<\/a>, bringing the total number of operating metro lines to six. This milestone follows a successful pilot<\/a> earlier in December, which introduced three of the network\u2019s six lines, followed by the launch of Lines 2 and 5 mid-month.<\/p>\n

\n

TOURISM-<\/p>\n

Homegrown corporate travel agency <\/strong>Arjaa Travel<\/a><\/strong> partnered with <\/strong>ATPI Group<\/a><\/strong> to integrate <\/strong>their business travel solutions<\/strong>, including travel planning, cost optimization, and travel policy compliance, according to a press release<\/a>.<\/p>\n

\n

DEBT WATCH-<\/p>\n

The National Shipping Company of Saudi Arabia (Bahri)<\/a><\/strong> lined up a USD 800 mn (SAR 3 <\/strong>bn) Murabaha revolving credit facility <\/strong>with Al Rajhi Bank, according to a disclosure to adawul<\/a>. The five-year facility will be used to fund the company\u2019s working capital and capital expenditures needs.<\/p>\n

\n

GAMING-<\/p>\n

Savvy and Japan\u2019s SBI Holdings team up: <\/strong>PIF-backed Savvy Games Group and SBI Holdings inked an MoU that will see SBI Holdings introduce Japanese gaming companies to Savvy\u2019s Esports ecosystem, facilitating their entry into the Saudi and Mena markets, according to a press release<\/a>. <\/p>\n

\n

HOSPITALITY-<\/p>\n

Prince Alwaleed bin Talal\u2019s Kingdom Holding is taking on the reconstruction of Beirut's <\/strong>Four Seasons Hotel,<\/strong> aiming to reopen it by 1Q 2026, according to Al Arabiya<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS: SealsQ and WISeKey are eying launching more products in the Kingdom in partnership with Juffali<\/p>\n","protected":false},"author":1,"featured_media":93414,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[3349,54,3716,3717,288,3718,10,2134,1010,1044,482,3714,3715],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-addoha-poultry","tag-also-on-our-radar","tag-arjaa-travel","tag-atpi","tag-bahri","tag-brf-arabia","tag-enterpriseam-ksa","tag-flyadeal","tag-four-seasons","tag-riyadh-metro","tag-savvy-games","tag-sealsq","tag-wisekey","wpautop","entry"],"acf":{"mongo_id":"256a6be3-6ab5-4f18-b755-503ccc629916","order":"12","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/901.jpg","photo_position":"above","homepage_title":"","full_issue_title":"BRF Arabia closes SAR 316.2 mn acquisition of Addoha Poultry","related_issue":[93391],"teaser":"PLUS: SealsQ and WISeKey are eying launching more products in the Kingdom in partnership with Juffali","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.f5b090db-e652-4f73-942c-2aa59e4b2b55.mp3"},"yoast_head":"\nBRF Arabia closes SAR 316.2 mn acquisition of Addoha Poultry - 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