Zalagh

completed

Zalagh Holding SA (“Zalagh” or the “Company”) is a vertically-integrated industrial poultry producer in Morocco, present across the entire poultry meat value chain: grain trading/import, animal feed production, day-old-chick/poult production, broiler production, poultry slaughtering, and meat processing. To help meet Morocco’s fast-growing demand for chicken protein, Zalagh has defined a three-year expansion plan comprised of: (i) the expansion of feedmill capacity for ruminants and poultry, (ii) the set-up of additional chicken and turkey rearing and laying farms and hatchery capacity for day-old-chick/poult production, and (iii) the set-up of additional turkey broiler farms (the “Project”). The Project will increase Zalagh’s ability to support a greater number of farmers with its supply of day-old-chick/poult and animal-feed, which in turn will increase the supply of affordable meat protein in Morocco where population growth and rising incomes per capita have led to robust increase in protein demand.