KYIV, Sept 8 – MHP Agroholding, the largest Ukrainian poultry producer, has signed a shareholder agreement to establish a joint venture with Desert Hills Veterinary Services Company Limited (DHV), a subsidiary of Tanmiah Food Company, a leading supplier of poultry and other meat products listed on the Saudi stock market in the Middle East.

“This partnership will allow DHV and MHP to join forces to invest more than 200 million Saudi riyals (about $53 million at the current exchange rate) in farms with a capacity of more than 1 million breeder flocks, which are expected to produce approximately 175 million hatching eggs per year, in a modern hatchery and poultry feed mill," MHP said in a statement on the London Stock Exchange on Friday.