Agthia to target more acquisitions amid pandemic turmoil says official

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Thu, 2021-03-11 17:34

RIYADH: UAE food giant Agthia Group is seeking more acquisitions after already snapping up three new companies, its CEO said.
It has already acquired Al Foah Company, Jordan’s Nabil Foods, and Kuwait’s Al Faysal Bakery, as interest in food sector security increases amid turmoil in global supply chains.
These three deals will contribute to increasing the company’s profits, in addition to the long-term growth of the business, Mubarak Al-Mansouri, the company’s corporate affairs chief, told Al Arabiya.

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