"Holding" (ADQ), one of the largest holding companies in the region that 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 and specialized in feed products and basic food commodities.
This acquisition, subject to the approval of the relevant regulatory authorities, will contribute to the expansion and enhancement of “Holding” (ADQ) investments in agri-food, which also includes its investments in Agthia PJSC. And the company "Al Foah" and the company "Sallal". It should be noted that the “Al-Dhahirah” company, headquartered in the Emirate of 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. The company also employs five thousand employees.
Commenting, Mohamed Hassan Al Suwaidi, CEO of “Holding” (ADQ) said: “The field of agriculture and food is of strategic importance in“ Holding ”(ADQ) due to its rapid growth and its contribution to achieving the economic and social agenda of the Emirate of Abu Dhabi. "Since its establishment in the United Arab Emirates in 1995 from achieving growth into a global company specialized in food and feed production, the company is also a pivotal pillar in the march of food security for the Emirate of Abu Dhabi and for our country in general. There is no doubt that the phenomenon will contribute to intensifying our current efforts aimed To expand the scope of the "Holding" (ADQ) business in the field of Food crown 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.
For his part, Khadim Abdullah Al Dari, Vice Chairman and founding partner of Al Dhahirah Company, said: “We welcome ADQ’s investment in Al Dhahirah, and we are happy with the growth prospects that this cooperation will yield.” This comes at a time when you commit to Al Dhahirah by expanding globally in the field of agriculture and food processing, and developing our integrated value chain, enabling us to meet the food security needs of the United Arab Emirates. Al Dhahirah will benefit from this cooperation with “Holding” (ADQ) as a reliable partner who has operations Extensive resources and world-class resources, as this will enable them to harness the news Group to achieve the vision of food security for the Government of Abu Dhabi, which has become more important today than ever before. "
Al-Dhahirah manages irrigated agricultural lands that extend over an area of 350 thousand feddans in various regions all over the world, which overlooks various rivers, such as the Danube, Colorado and 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 field of logistics, with the aim of ensuring that it has a strong network of road transport and sea freight operations.
Al Dhahirah also owns and operates 15 factories and facilities equipped with the latest feed processing and packing 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 grains that you trade thanks to the infrastructure owned by the company. The company operates three factories to beat rice with a production capacity of 500,000 tons of rice annually in India, Pakistan and the UAE, specifically in the Khalifa Industrial City (Kizad), which is affiliated to Abu Dhabi Ports, and is one of the subsidiaries of ADQ. Al Dhahirah also owns stakes in three flour milling factories, which have an annual production capacity of 500,000 tons in Greece and Bulgaria. In addition to a olive oil production plant with a production capacity of 10,000 tons annually in Morocco, and dairy farms in Serbia and the UAE with 20,000 heads of cows, a production capacity of 80 million liters of milk annually.