ADQ Holding, one of the largest holding companies in the region, which owns a diversified portfolio of major companies operating in the major non-oil sectors of the economy of the Emirate of Abu Dhabi, has announced an agreement to acquire 50% of the “phenomenon”, one of the most prominent operating companies In the agricultural field specialized in feed products and basic food commodities.
The acquisition
The company confirmed in a statement yesterday, that this acquisition - subject to the approval of the relevant regulatory authorities - will contribute to expanding the scope of «ADQ Holding» investments, and strengthening them in the field of agricultural food, which also includes its investments in both “Foods” and “Al Foah” , And Sallal Company.
It is noteworthy that the “Dhahirah” company, which is headquartered in Abu Dhabi, specializes in growing, producing and selling feed and food commodities and managing the supply chain in all its stages.
The “phenomenon” exists in more than 20 countries, and its products meet the needs of more than 45 markets around the world, and the company employs 5,000 employees.
Strategic importance
"The field of agriculture and food is of strategic importance in (Holding), given the acceleration of its growth and its contribution to achieving the economic and social agenda of the Emirate of Abu Dhabi," said Mohammed Hassan Al Suwaidi, CEO of "Holding". Since its establishment in the Emirates in 1995, Al Dhahirah Company has managed to achieve growth into a global company specialized in food and feed production, and the company is a pivotal pillar in the march of food security for the Emirate of Abu Dhabi, and for our country in general.
He added that the “phenomenon” will contribute to intensifying our current efforts aimed at expanding the scope of ADQ Holding’s activities in the field of food production and distribution. At the same time, our investment in the “phenomenon” will enable it to expand its business and presence, and will support the goals of the Emirate of Abu Dhabi, which seeks to diversify food sources, to become a regional center for food production.
Growth prospects
For his part, Deputy Chairman and founding partner of Al Dhahirah Company, Khadim Abdullah Al Dari, said: “We welcome ADQ Holding’s investment in Al Dhahirah, and we are happy with the growth prospects that this cooperation will yield. This comes at a time when (Al Dhahirah) is committed to expanding globally in the field of agriculture and agricultural food processing, and developing our integrated value chain, enabling us to meet the food security needs of the UAE. He added, “Al Dhahirah will benefit from this cooperation with ADQ Holding, a reliable partner who possesses large-scale operations and world-class resources, as this will enable them to harness the group's experiences to achieve the vision of food security for the Abu Dhabi government, which today is more important than ever. (Al Dhahirah) manages irrigated agricultural lands that extend over an area of 350,000 acres in various regions from all over the world, which overlooks various rivers, such as the Danube, Colorado and the Nile, where the latest irrigation and agricultural technology and machinery are used.
Over the past years, the company has been able to make significant investments in the logistical field, with the aim of ensuring that it has a strong network of ground transportation and sea freight operations.
Al-Dhahirah also owns and operates 15 factories and facilities equipped with the latest feed processing and packaging equipment, through which it contributes to meeting the needs of dairy and livestock companies. The company also produces various types of crops, including a variety of vegetables and fruits, in addition to the grain, which it trades thanks to the infrastructure owned by the company.
3 factories
Al Dhahirah Company operates three factories to multiply rice with a production capacity of 500,000 tons of rice annually in India, Pakistan and the UAE, specifically in Khalifa Industrial City "Kizad", which is affiliated to "Abu Dhabi Ports" and is a subsidiary of "ADQ Holding".
Al Dhahirah also owns shares in three flour milling plants, which have an annual production capacity of 500,000 tons in Greece and Bulgaria. In addition to a press to produce olive oil with a production capacity of 10 thousand tons annually in Morocco, and dairy farms in Serbia and the UAE, with 20 thousand head of cows with a production capacity of 80 million liters of milk annually.
"Al-Dhahirah" products meet the needs of 45 markets around the world ... and have 5,000 employees.