Agthia Completes Acquisition of Delta Water Company in Saudi Arabia
Abu Dhabi, UAE; 28 March 2017: Agthia Group (‘Agthia’ or ‘the Group’), a leading food and beverage group in the UAE, has completed its acquisition of water business of Delta Marketing Company, providing Agthia with a fully-fledged water business in the Kingdom of Saudi Arabia. Agthia had signed a share purchase agreement to acquire a 100 percent stake in water business of Delta Marketing Company in November 2016.
Agthia Group Reports 10 Percent Net Profit Growth in 2016
ABU DHABI, January 30, 2017: Agthia Group PJSC, one of the UAE’s leading food and
beverage groups, today reported preliminary unaudited results for the full year 2016. Net profit
increased to AED 254.3 million, up 10 percent on the previous year, while net revenues grew
8 percent to AED 2.01 billion, led by the Group’s flagship water business.