Al Watania, the Saudi Arabia-based poultry group, has reportedly appointed advisers to work on a potential sale of the business.

According to Bloomberg, the company has hired BSF Capital to weigh up a potential deal.

Al Watania produces over a million birds and 1.5 million eggs a day, according to its website.

The group, which employs more than 7,500 staff, was set up in 1977 by Sheikh Suleiman Al Rajhi.

According to a statement hosted on regional media service Zawya last month, Al Watania accounts for 30% of the supply of poultry in Saudi Arabia.

Nine years ago, Reuters reported Al Watania was looking at plans to list on the Saudi stock exchange.

Rival processor Tanmiah Food Company announced today it had acquired a poultry processing facility from Dajin Poultry Company.

The publicly listed Tanmiah struck the deal through its Agricultural Development Company (ADC) subsidiary.

ADC markets poultry products within the six-member Gulf Cooperation Council, which includes Saudi Arabia, under the Tanmiah brand name.

Last month, Brazil-based meat giant BRF signed a binding agreement to acquire a 26% stake in Saudi Arabia-based Addoha Poultry Co.