Agthia Group’s total assets stood at Dhs6.8bn as at December 31, 2022
Both companies will collaborate to optimise Agthia’s logistics operations
Agthia has acquired 60 per cent of the Auf Group, with the Egyptian company’s founders retaining a 30 per cent stake
The group’s total assets stood at Dhs6.6bn as of September 30, 2022
Its group net profit reached Dhs118m for the first half of the year, rising 74 per cent year-on-year
The company’s group net revenues hit Dhs2bn, up 51 per cent from last year
The transaction, upon completion, will see UAE-based Agthia owning 60 per cent of Egypt’s Auf Group
Agthia’s quarterly net revenues surpassed Dhs1bn for the first time since inception
The total dividends announced by Agthia for 2021 amounted to Dhs130.6m, reflecting a 9.9 per cent rise over the previous year
The group’s net revenue reached Dhs3.07bn in 2021
The group is pursuing a strategy to grow through acquisitions and investment in its food and beverage business
The acquisition marks Agthia’s first entry into the processed protein industry
The offer is subject to regulatory and shareholder approvals
Alan Smith succeeds Jamal Salem Al Dhaheri, acting CEO of the group