Balady Poultry Company announced its strategic expansion plan for 2025-2029, with investments totaling SAR 1.13 billion to strengthen its position in the poultry industry. The plan includes the establishment of a state-of-the-art slaughterhouse and poultry meat processing plant with a production capacity of 500,000 birds per day. Additionally, the company will construct 600 broiler chicken houses and develop two hatcheries, each with an annual capacity of 100 million chicks.
According to the announcement on Tadawul, the expansion will be financed through a combination of the company’s surplus cash resources and funding from the Agricultural Development Fund and commercial banks via Sharia-compliant Murabaha financing.
Balady emphasized that this initiative is designed to boost production capacity, meet increasing market demand, enhance food security, support Vision 2030 objectives, and maximize shareholder value.
