Saudi Arabia’s Almunajem Foods Co. and Balady Poultry have signed a seven-year processing partnership and distribution agreement. Almunajem Foods said in a stock exchange announcement that Balady Poultry will produce and package both companies’ branded poultry products for supply inside and outside Saudi Arabia under a profit-sharing agreement. Marketing and distribution will be carried out by Almunajem Foods. Balady Poultry confirmed the transaction with an almost identical announcement with the excha ...