Agthia Group, listed on the Abu Dhabi Financial Market, plans to expand abroad, in line with its expectation of growth of more than 3% at the end of this year.
The CEO emphasized that Agthia is continuing to enhance its business in the Egyptian and Saudi markets in particular.
During a press interview, the company held on the sidelines of the Gulfood 2019 exhibition that is currently taking place in Dubai, Tariq Ahmed Al-Wahdi said that the group is open to all opportunities that support its presence in the Gulf and the Arab world through studying opportunities Acquisition or expansion of companies.
He expected the group to record growth of more than 3% during the current year, and to exceed the expected growth in the local food market in general, with the support of expanding its business.
He indicated that the group will continue to work during the current year to expand its business and sales in products, most notably water, flour and feed.
He explained that this will come through three axes, the first of which is to enhance the market share and spread in new markets, in addition to developing innovative products that meet the needs of the UAE and foreign markets.
The group had recently announced the preliminary financial results for the fiscal year ending on December 31, 2018, which showed a net profit of 211 million dirhams, a growth of 2.1% compared to the same period of the year. The past.
Agthia indicated that it recorded a net income of two billion dirhams, an increase of 2%, after deducting some of the revenues recorded once non-recurring from the revenues of 2017.
