Tanmiah Food Co. Announces that one of its subsidiaries has signed a supply agreement with Burger King.
| Element List | Explanation |
|---|---|
| Introduction | Tanmiah Food Company announces that its subsidiary, Supreme Food Processing Company (SFPC), has signed a supply agreement with BURGER KING EUROPE GMBH(“BKE”) for a duration of three years.
SFPC will supply Burger King with further processed chicken products in key markets in the MENA region. The contract represents a continuation of Tanmiah’s long relationship with Burger King. Tanmiah has been a supplier of Burger King since 2000. |
| Date of Announcement of the Award | 2022-10-26 Corresponding to 1444-04-01 |
| Contract Subject Matter | Supply Agreement |
| Date of Signing the Contract | 2022-10-26 Corresponding to 1444-04-01 |
| Contract Value | The contract value totals approximately SAR 80 million per year, to vary based on orders delivered. |
| Contract Details | SFPC is the exclusive further processed chicken supplier to Burger King in KSA, Bahrain, Oman, UAE, and Kuwait. |
| Contract Duration | 3 years |
| Financial Impact and the Relevant Period | SFPC will realize revenues and profits until the end of the agreement. |
| Related Parties | None |
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