Abu Dhabi-based ADQ has agreed to acquire a 50 percent stake in global agribusiness company Al Dahra Holding Company, ADQ announced on Wednesday.
In a statement, ADQ said that the deal is still subject to regulatory approvals. Once closed, the deal will expand the scope of ADQ’s agri-food investments, which also includes Agthia PJSC, Al Foah Company and Silal.
Al Dahra specialises in the cultivation, production and trading of animal feed, and employs over 5,000 people across 20 countries and caters to more than 45 commercial markets.
“Food and agribusiness if of importance to ADQ’s strategy because it is high growth and important for Abu Dhabi’s socio-economic agenda,” said Mohammed Hassan Alsuwaidi, ADQ’s CEO. “Since 1995 when Al Dahra was founded in the UAE, it has grown into a global food and animal feed company and is a pillar of Abu Dhabi and our country’s food security mandate.”
“Al Dahra will complement our existing efforts to extend ADQ’s reach in food production and distribution,” he added. “With our investment, Al Dahra will be well positioned to further expand its reach and footprint while enabling Abu Dhabi to reach its goals of continuing to diversify its food sources and growing into a regional food hub.”
Al Dahra operates a landbank of 350,000 acres of irrigated land along rivers including the Danube, Colorado and Nile rivers. It also owns and operates 15 forage processing and baling facilities globally.
One of its three rice mills is located in Khalifa Industrial Zone Abu Dhabi (KIZAD), a subsidiary of Abu Dhabi ports.
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