Saudi Poultry Giant Alwatania Is Said to Explore Sale of Company

Alwatania, the largest poultry producer in the Middle East, is exploring a sale of the company, people familiar with the matter said, as Saudi Arabia’s push for food self-sufficiency makes the industry more attractive.

Alwatania has appointed BSF Capital as its adviser for a potential deal, according to the people, who asked not to be identified because the information is not public. A transaction may fetch as much as 2 billion riyals ($532 million), one of the people said.