Almunajem Foods Company announced on January 18, 2026, the signing of a strategic partnership agreement with Balady Poultry Company on January 15, 2026. Under the 7-year agreement, Balady will produce and package poultry products while Almunajem will handle marketing and distribution inside and outside Saudi Arabia under both companies' brands on a profit-sharing basis. The partnership involves related parties, with Eng. Thamer Abdulaziz Abanumay and Mr. Abdullah Omar Bawazir having indirect interests as they hold positions in both companies. The agreement aims to increase market share of locally produced products with higher quality and improved operational efficiency.

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