The ADQ Holding Company in Abu Dhabi has reached an agreement to acquire 50% of Al Dhahirah Company, one of the most prominent companies operating in the agricultural field and specialized in feed products and basic food commodities. p> According to the Emirates News Agency, this acquisition, which is subject to the approval of the relevant regulatory authorities, will contribute to expanding and enhancing the holding of ADQ investments in the field of agricultural food, which It also includes its investments in Agthia PJSC. Al Foah Company and Sallal Company.

It is noteworthy 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, and the company has five thousand employees.

His Excellency Mohamed Hassan Al-Suwaidi, CEO of Holding said .. The field of agriculture and food is of strategic importance in the holding due to the acceleration of its 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, 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 our country in general.

He added that the phenomenon will contribute to intensifying our current efforts aimed at expanding the scope of the holding / ADQ / business 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.

For his part, His Excellency Khadim Abdullah Al Darai, Vice Chairman and founding partner of Al Dhahirah Company .. We welcome the investment of Holding / ADQ / in Al Dhahirah, and we are happy with the growth prospects That this cooperation will yield. This comes at a time when the phenomenon is committed to expanding globally in the field of agriculture and agricultural food processing, and the development of our integrated value chain, enabling us to meet the food security needs of the United Arab Emirates.

The phenomenon will benefit from this cooperation with Holding / ADQ / as a reliable partner who possesses large-scale operations and world-class resources, as this will enable them to harness the expertise of the group to achieve the vision of food security. The Abu Dhabi government, which today is more important than ever. The phenomenon 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 land transportation and sea freight operations for goods.

> The phenomenon also owns and operates 15 factories and facilities equipped with the most modern feed processing and packing equipment, which ...