BRF S.A. announced that it has signed an agreement to issue 500 million common shares at an issue price of $1.8 per share for gross proceeds of $900 million on May 31, 2023. The transaction will include participation from new investor, Saudi Agricultural and Livestock Investment Co. by investing $ 450 million and returning investor, Marfrig Global Foods S.A. by investing $ 450 million and will increase its stake from 33% to 38.7%.

The transaction is subject to shareholders approval.