One of the largest holding companies in the MENA Region, ADQ, has agreed to acquire a 50 percent stake in Abu Dhabi-based multinational animal feed and essential food commodities specialist firm, Al Dahra Holding.
The purchase is part of ADQ’s strategy to promote the country’s agri-foods sector ecosystem and boost sustainable and diversified food supply in the UAE. The Organisation had not provided financial details of the planned transaction.
“Food and agribusiness is of importance to ADQ’s strategy because it is high growth and important for Abu Dhabi’s socio-economic agenda. Al Dahra will complement our existing efforts to extend ADQ’s reach in food production and distribution.”
Since setting up in 1995, Al Dahra has turned into a global food and animal feed company and “is a pillar of the UAE’s food security mandate”, Mr. Alsuwaidi added. With our investment, Al Dahra will be well-positioned to further expand its reach and footprint.”
The acquisition, subject to certain regulatory approvals will develop ADQ’s portfolio of agriculture and food sector investments, which also includes Agthia, Al Foah and Silal. Al Dahra specializes in the cultivation, production and trading of animal feed and essential food commodities and end-to-end supply chain management.
Al Dahra owns and operates 15 forage processing and baling facilities globally and cultivates different types of fresh produce, including a wide range of fruits and vegetables and grains with infrastructure to facilitate grains’ trading.
ADQ, formally known as Abu Dhabi Developmental Holding Company, has a collection of conglomerates, traversing key sectors of Abu Dhabi’s economy, including utilities, tourism and hospitality, aviation, transportation, logistics, industrial, real estate, media, healthcare, agri-foods and financial services.
Its portfolio of companies comprises Abu Dhabi Power Corporation, Abu Dhabi Airports, Abu Dhabi Ports, Etihad Rail, Abu Dhabi Health Services (Seha), insurer Daman, media companies Abu Dhabi Media and twofour54 and Abu Dhabi National Exhibitions Company, among others.