Tyson International Holding Company agreed to acquire 60% stake in Supreme Foods Processing Company Ltd and 15% equity stake in Agriculture Development Company Ltd from Tanmiah Food Company (SASE:2281) for $70 million on July 5, 2022. After the transaction, Tanmiah Food will maintain a 85% ownership in Agriculture Development and a 40% ownership in Supreme Foods Processing. The transaction is expected to close as soon as practicable, subject to General Authority for Competition in the Kingdom of Saudi Arabia and other government entities. Tanmiah Food was advised by Ernst & Young Corporate Finance Limited as the financial advisor and Baker & McKenzie as the legal advisor. The financial impact of the transaction is expected to be reflected in Tanmiah's third quarter financial statements and is subject to final payment of costs associated with the transaction.