KARACHI: The Organic Meat Company Limited (TOMCL), a Pakistani halal meat processor, is targeting the Gulf Cooperation Council (GCC), Chinese, Canadian and Commonwealth of Independent States (CIS) markets to expand its global footprint, the company said this week, following the start of its direct exports to French retail giant Carrefour in Qatar.
The agreement with Carrefour is the fourth business deal the Pakistani halal meat processor has struck with its foreign buyers from the UAE, China and Qatar this year. In August, it became Pakistan’s first meat producer to qualify for direct exports to Carrefour Majid Al-Futtaim Hyper Market operations across the UAE.
In September, the Karachi-based company secured a $7.5 million order for the export of cooked or heat-treated frozen boneless beef to China, followed by a $8.1 million contract it signed with Gold Crest Trading FZE for the export of frozen boneless beef for industrial and household processing to the UAE.
TOMCL’s shares have surged more than 47% year-to-date to close at Rs52.56 per share on Friday, according to Pakistan Stock Exchange (PSX) data. The latest Carrefour Qatar is seen as strengthening of TOMCL’s presence in high-value GCC retail markets as a trusted halal meat supplier.
