Abu Dhabi market closes another day in black, and it s got International Holding to thank gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
Zee Stores acquires Royal Horizon
ABU DHABI, January 20, 2021 Abu Dhabi-listed International Holding Company’s listed subsidiary, Zee Stores, a specialist in trading food and non-food products and other services, has acquired 60% of privately-held Royal Horizon Holding, a leading supplier of soft commodities. The acquisition is worth AED80 million ($21 million), divided into AED40 million payable to shareholders and AED40 million as a capital infusion to Royal Horizon. Falal Ameen, CEO of Zee Stores, said: “The majority acquisition of Royal Horizon gives us an immediate entry into the retail food space, with stores in Ajman, RAK and Al Ain and a medium-term strategy of opening 4 more stores by 2025 and affording us over 138,000 sq ft of retail space for our combined 25,000+ food and retail products. We are also adding internationally recognised brands to our own growing rooster of soft commodities and there will be numerous synergies in supply chain management th
It looks like this was the result of either:
A mistyped address
A broken link on our site
A broken link on a search engine results page
A broken link on someone else s page
Some things to try:
Use the navigation menu at the top Most Read