Tanmiah's restaurant segment has signed a master franchise and development agreement with POPEYES®, positioning the company to expand into quick-service restaurant operations across Saudi Arabia. The business includes manufacturing, wholesale and retail trading in foodstuffs, animal feed preparation, and restaurant operations, with principal operations in agriculture and food manufacturing and distribution of fresh and processed poultry and poultry-related products.
Cyborg Score Rationale
Tanmiah is backed by Al Dabbagh Group Holding Company Limited, a strong Saudi business family. The company benefits from vertical integration, regional expansion into GCC markets, and strategic partnerships with global brands. However, market cap of $301M indicates mid-market positioning with execution risks on franchise expansion.
Top Insights
Master franchise agreement with POPEYES® representing strategic diversification into quick-service restaurant segment across Saudi Arabia.
Geographic footprint spans Kingdom of Saudi Arabia, Kingdom of Bahrain, UAE, and other GCC countries.
Company underwent successful IPO in 2021, offering 30 percent of capital at SAR67 per share.