BRF S.A. informed its shareholders and the market in general that it has executed a Memorandum of Understanding (MOU) with the Public Investment Fund (PIF). The MOU is non-binding and aims at the incorporation of a joint venture that will act in the complete chain of chicken production in Saudi Arabia and promote the sale of fresh, frozen and processed products. The joint venture will be 70% owned by BRF and 30% by PIF and will include a Halal Business Hub in Saudi Arabia.

The MOU foresees an investment of approximately USD 350,000,000.00 and reinforces the Company's commitment with its strategic plan, in particular with food security in the Gulf region.