SHARE
Abu Dhabi-based food and beverage company Agthia completed its merger with Al Foah, the world’s largest date processing and packaging company.
The merger comes after the industrial conglomerate General Holding Corporation (Senaat), owned by state holding company ADQ, submitted a non-binding offer to the board of Agthia Group to swap its shares in Al Foah in October last year. Agthia and Al Foah Company are both owned by ADQ through Senaat. 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, the company said in a statement on Wednesday.
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
2 Min Read
(Reuters) - Saudi and Dubai shares closed higher on Tuesday as most regional markets gained in line with global stocks, as hopes of fresh U.S. stimulus teed up a strong end to the year for riskier assets.
FILE PHOTO: A trader looks on near electronic boards showing stock market data at Bahrain Bourse in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed
Oil rose as the United States moved towards expanding pandemic aid payments, potentially spurring fuel demand and stimulating economic growth. [O/R]
Prospects of the relief package, however, kept the dollar near a 2-1/2-year low as investors were encouraged to take on more risk.
Shareholders approve creation of a mega-combine through NPCC and NMDC deal Abu Dhabi has been busy consolidating its strengths across multiple sectors, including banking and energy. Image Credit: Ahmed Ramzan/Gulf News
Dubai: Abu Dhabi shareholders have signed off on another mega merger - this one involves the National Petroleum Construction Company and National Marine Dredging Company. The latter s shareholders have now voted in favour of the move.
Now, the General Holding Corporation PJSC ( or Senaat as it s known) and other minority shareholders in NPCC would transfer their stakes to NMDC. NPCC is into engineering, procurement and construction services for the offshore and onshore oil and gas sector.
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