The Emirati “Agthia” group completes the acquisition of the Egyptian company...

The company’s portfolio includes 4 brands, and the annual production capacity of the company is approximately 70,000 tons across a number of facilities and production lines, including a factory with an area of ​​60,000 square meters.

It states that “food groupIt recently acquired Al-Nabil Food Industries Company in Jordan.

Through this transaction, Agthia acquired a majority stake of 75.02% of Ismailia Agricultural Investment Company. Atito Raslan, founder of the company and one of the prominent leaders in the sector, will retain a stake in the company.

Atyab achieved a remarkable growth in revenue at a compound annual rate of approximately 28% between 2016 and 2020, with strong profit margins in 2020 of approximately 19% before interest, tax, depreciation and amortization.

In 2020, the company achieved net revenues of 424 million dirhams, and profits of 79 million dirhams before interest, tax, depreciation and amortization. The company has 11 distribution centers across Egypt and employs more than 2,500 employees.

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