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Agthia completes transaction with Al Foah
ABU DHABI, January 6, 2021 Agthia Group PJSC, a leading food and beverages company, has announced the successful completion of its strategic combination with Al Foah, the world’s largest date processing and packaging company based in Abu Dhabi. With the integration of Al Foah into Agthia as a strategic business unit, Agthia has instantly become the domestic market leader in four essential food and beverage categories: water, dates, flour, and animal feed, in addition to having a diversified international exposure within the date category. As a more robust, diversified, and consumer-centric food and beverage player, Agthia will have an even stronger platform to compete across the Mena region and beyond.
Agthia completes Al Foah transaction to create top 10 F&B company in region
Khalifa Sultan Al Suwaidi, chairman, Agthia Group and chief investment officer of ADQ.
Senaat which is part of ADQ now owns 59.17 per cent of the entire issued share capital of Agthia.
Food and beverages company Agthia Group on Wednesday announced the successful completion of its strategic combination with Al Foah, a date processing and packaging company based in Abu Dhabi.
With the integration of Al Foah into Agthia as a strategic business unit, Agthia has instantly become the domestic market leader in four essential food and beverage categories: water, dates, flour, and animal feed, in addition to having a diversified international exposure within the date category.